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cattlemen’s column

cattlemen’s column

July 23rd, 2015

TSCRA reflects on 84th Texas Legislative Session

By Pete Bonds
President, Texas and Southwestern Cattle Raisers Association

This year started off on a busy note as the Texas and Southwestern Cattle Raisers Association (TSCRA) tracked legislation and worked with state elected officials and staff during the 84th Texas Legislative Session, which convened Jan. 13 through …

the money man

the money man

July 23rd, 2015

China at the margins

By TOM JACOBS

“Elevator operators and secretaries were buying on margin!” – My father, on the run-up to the Crash of 1929.

Lost in the news over Greece’s status in the Eurozone is that investors in China’s stock market have seen a stock market crash around 30% in a few …

money man

money man

July 16th, 2015

Recency bias and wrong thinking

By TOM JACOBS

“Invert, always invert!” – Charlie Munger, Vice Chairman, Berkshire Hathaway

It’s rained like crazy for months; the drought is gone for good. The economy is growing and will continue to grow, so credit and consumption expand. Housing prices are rising, they will always increase – buy a house anywhere at …

steve’s funny column

steve’s funny column

July 16th, 2015

How Swede it is – or isn’t

By STEVE LANG

“Dad always thought laughter was the best medicine, which I guess is why several of us died of tuberculosis.” – Jack Handey

Among the greater oxymorons of our time, “political correctness” joins “jumbo shrimp,” “mud bath” and may answer a question I posed two decades ago:

“Does teaching continuing …

Texas senior US Senator John Cornyn

Texas senior US Senator John Cornyn

July 16th, 2015

A time for reflection after Independence Day

By US Senator JOHN CORNYN

I had the opportunity to travel throughout our state last week and over the Fourth of July holiday, and at every stop I was reminded of the many opportunities for learning and enrichment we are lucky to have here in …

Texas junior Senator Ted Cruz

Texas junior Senator Ted Cruz

July 16th, 2015

End Ex-Im corporate welfare program forever

By US Senator TED CRUZ

On June 30, Congress finally, finally, finally decided to let a wasteful spending program expire. After 81 years, Congress decided to end one of the worst examples of corporate welfare: Washington could stop sending taxpayer monies to benefit wealthy contributors. And so, after 81 long years, …

idle american

idle american

July 16th, 2015

Mexican pointy boots

Boots and shoes not made for walking

By Dr. DON NEWBURY

I’ve never in my adult life gazed into a show-window displaying women’s shoes (unless you count the time a sports page was blown flat against the glass.)

My wife, on the other hand, could have written papers and completed multiple advanced college …

the money man

the money man

July 9th, 2015

One reason stock prices are meaningless

By TOM JACOBS

Consider Jo and Joe. Each owns a lemonade stand. Both are in equally desirable locations with the same traffic, sales, and costs. Each is a publicly traded company and you can buy each stock for $10 a share. (If this reminds you of the economist’s “assume a hammer,” …

steve’s funny column

steve’s funny column

July 9th, 2015

About the moon: waxing, waning,
still rising in the third quarter

“I see the Moon and the Moon sees me.” – Anonymous.

“True friendship isn’t about being inseparable. It’s being separated and nothing changes.” – Anonymous.

By STEVE LANG

Mike “Moon” Mullan and Steve “Moon” (only in Australia) Lang received their nicknames 30 years apart under relatively different …

the money man

the money man

July 9th, 2015

What is “free” cash flow?

By TOM JACOBS

“Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.” – Wilkins Micawber in Dickens’ David Copperfield

What’s your income—what your tax return says it is or what greenbacks you actually have? Exactly. Our …

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