

Playing Defense and Offense During Trade Wars
"Nothing, however, can be more absurd than this whole doctrine of the balance of trade... When two places trade with one another, this...
Frank Byrd, CFA, CFP®
Apr 11


January Madness
"Knowledge itself is power." - Sir Francis Bacon (1597) "Power itself is knowledge." - Fielder Capital (2025) March Madness Comes Early...
Frank Byrd, CFA, CFP®
Feb 7


Our Election Day Prediction
Our Predictions for Election Day We aren’t political analysts, but we do have the conviction to make this one prediction about today’s...
Frank Byrd and Stephen Korn
Nov 5, 2024


Some Winners, Many Losers
Good Times? Are these good times or bad times? Depends on whom you ask. Wages are up 23% since just before COVID. Yet, this hasn’t kept...
Frank Byrd and Steve Korn
Oct 11, 2024


The Most Crowded Trade
“Indexing can't work well forever if almost everybody turns to it. But it will work all right for a long time.” ― Charlie Munger ( 1998 )...
Frank Byrd, CFA, CFP®
Jun 30, 2024


Record Failures of '23
“Every victory is only the price of admission to a more difficult problem” ― Henry Kissinger Markets hit new highs recently now that...
Frank Byrd, CFA
Feb 19, 2024


Opportunity as Banks Retreat
Banks: The New Public Utilities Following Silicon Valley Bank's failure earlier this year, banks have been less willing to make...
Frank Byrd and Steve Korn
Nov 19, 2023


Financial Repression Explained
"If the origin of the problem was too much debt, how can a policy that encourages the private and public sectors to accumulate more debt...
Frank Byrd, CFA, CFP®
Sep 11, 2023


Two Choices, One Hope
US government debt now totals $31 trillion, which equates to roughly $240,000 per American household. That's bigger than the average...
Frank Byrd, CFA, CFP®
Apr 19, 2023


Banks Fail & Markets Go Up?
Markets are actually up following last week’s scary bank runs. Does that mean things are OK? What does this mean for investors? This...
Frank Byrd, CFA, CFP®
Mar 27, 2023