Second Quarter 2009|Jim Williams| In his book, The Road to Serfdom, the classical economist F. A.Hayek describes clearly and succinctly the hazards and peril associated with pervasive intrusion of the state into private commercial transactions and personal decisions. It’s not pretty.
First Quarter 2009|Jim Williams| A recent email exchange led me to consider and comment on an abiding and exasperating sense of concern over what appears to be ill considered and undisciplined government intervention in the economy.
Fourth Quarter 2008|Jim Williams| We are all economists these days. We try to consider whether the proposed stimulus will be good or bad for ourselves and/or for the country. What to do about market uncertainties. How do we manage our own affairs in these times that seem to be so worrisome?
Third Quarter 2008|Jim Williams| In the last few weeks we've seen considerable turmoil in the financial markets. It is difficult to keep your equilibrium when what you have been reading and hearing is relentlessly negative.
Second Quarter 2008|Jim Williams| The most important and difficult task for an investor at a time like this is to manage emotions. It is a constant struggle to maintain equilibrium in such an environment, and many folks succumb to the siren's song and start taking actions based on emotions. Wrong thing to do. Wrong time.
First Quarter 2008|Jim Williams| The Board does have a responsibility of stewardship of the marks, since the Board, as a non-profit corporation, is the legal owner of the marks. The Board seems to regularly overlook the fact that the marks have value only because of the efforts of the 55,000 certificants.