Investing In Stocks Outside The Circle Of Competence
One of the core principles of Warren Buffett’s value investing system is Circle of Competence. That is, only buy stocks whose business you understand.
How Congress Should Oversee The Federal Reserve’s Mandates
The Fed in monetary affairs is “independent” in the limited sense of being independent of the Executive, but it is fully accountable to Congress, and indeed Congress has plenary power over it.