Your Almost Daily Bit of Wall Street Wit & Wisdom

Paul Sarnoff

Paul Sarnoff in the early-1980s

“The way things are going, you’d better have at least ten percent of your assets in gold.”
— Paul Sarnoff

The Midas metal is perking up.   It could be that time, again.

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Happy Father’s Day!  I’m remembering my dad today.  Throughout my life, he reminded me, “The greatest gifts a father can give his child are roots and wings.”

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

Trickle

Trickle by vvvracer h/t Flickr

“American workers are struggling in large part because they are underpaid—and they are underpaid because 40 years of trickle-down policies have rigged the economy in favor of wealthy people like me.  Americans are more highly educated than ever before, but despite that, and despite nearly record-low unemployment, most American workers—at all levels of educational attainment—have seen little if any wage growth since 2000.”
— Nick Hanauer

Your Daily Bit of Wall Street Wit & Wisdom

D-Day

U.S. Army troops in an LCVP landing craft approach Normandy’s “Omaha” Beach on D-Day in Colleville Sur-Mer, France June 6 1944. h/t Army Signal Corps Collection/U.S. National Archives/Handout via REUTERS/File Photo

“Once the fight starts, you forget what the fight was about.”
— Tom O’Brien

Each day buyers and sellers slug it out in the market as they struggle for control of price direction.

On this 75th anniversary of D-Day, let’s never forget those who fought for freedom then.  And let’s remember to do what we can to fight to protect freedom today.

With gratitude,

Steve