Thursday, April 28, 2016
American productivity growth used to be a lot higher than it is now. In the century between 1870 and 1970, and especially in the fifty years between 1920 and 1970, the American increased his productivity at a pace he has not been able to match since. Robert Gordon examines the history and the potential causes of American growth over different periods in American history in The Rise and Fall of American Growth.
Friday, April 22, 2016
Just seven months ago, I wrote about Anglo American as a potential value opportunity. It subsequently fell a lot further from there, but has now come all the way back and then some. I have taken advantage of the recent optimistic sentiment to sell my shares.
Labels: Anglo American
Monday, April 18, 2016
Monday, April 11, 2016
The most powerful books are the ones that change public policy, which was the case with Upton Sinclair's The Jungle. Sinclair was a journalist who spent 7 weeks working undercover as a labour hand in the meat packing industry and wrote this novel when he came back.