I first met Aram Bakshian in the fall of 1961. We were both Washingtonians. He was a senior at Woodward Prep, a Washington day school about one block west of the White House. I was a senior at a simply…

It’s a fabulous day today. Sunny. Hot. Dry. I awakened at about 11 with a terrible stomach ache. But that’s standard and I have meds for them. The world’s most nearly perfect med, Paregoric, apparently has been banned. But I…

I can recall our marriage day as if it were yesterday. I was nervous. As scared as I was when I bought my first house on Klingle Street, Northwest. I didn’t like the idea of being locked into any kind…

Saturday It’s a gloomy, cloudy day here in Beverly Hills. On days like this, gloomy, cloudy thoughts come into my brain. Or, maybe it’s because it’s spring and it’s Prom Time and Prom Time back in 1962 was one of…

Thursday A few observations for you, my dear friends. We have just had some golden, uniquely perfect moments in the world of investing. The federal government drastically lowered interest rates to fight the negative effects of the COVID-19 pandemic. We…

Tuesday The world is going crazy. Just plain crazy. Russia invades a sovereign state, Ukraine, without any provocation. The USA sends weapons to Ukraine, but clearly not enough. The Russians are now shown to be mass-murdering civilians in Ukraine and…

Monday All morning long I had a nightmare. It would not stop. I was on the pier where we keep one of our boats in Sandpoint. I kept falling off and slipping under the water. But the water was not…

I’d like to start by talking about something my father said to me on my 50th birthday 27 years ago. Some of you will recall that my father, Herbert Stein, a noted economist from about around 1945 to 1999, was…