#63 Reflections on Investing : Are Investors Creating Wealth or Transferring It?

The ultimate source of wealth from financial investments comes from the transfer of funds to entities that invest in the production of real goods and services. 

The Implied Equity Risk Premium and Stock Market Bubbles

#62 Reflections on Investing : Government Debt and Investing

#61 Reflections on Investing : Stocks and Wealth Creation

#60 Reflections on Investing : Cornell/Damodaran – The Equity Risk Premium