The holidays are here. Please allow me be the first to say there’s reason for optimism.
Yes… You read that right: optimism.
I have been thinking a lot about this — about optimism and pessimism and the reasons for both — in recent post-presidential election days. It’s not that I care that Obama won or Romney lost. Please don’t misunderstand me. I didn’t (and still don’t) support either of them.
It’s the whole process that gets me down. It brings out the worst in everybody. And I am always a little blue at election time anyway because the ideas I most cherish — those quaint-sounding notions of liberty and inalienable rights that so moved the Founding Fathers — seem to have no force in the national debate. Instead, we have a free-for-all to see who gets to feast at the government trough.
Yet there are reasons for optimism: big, powerful, long-term reasons to feel good about the prospects for liberty… and for your portfolio, particularly in the U.S. Though the two are related (an idea I hope to develop more in a future letter), we’ll stick with the investing side of it for now.
Read More at thedailyreckoning.com . By Chris Mayer.