If you’ve ever bought stocks, real estate, used cars, and for that matter, silver and gold, you have participated in the “bid-ask spread.” What is it? The ‘spread’ protects the seller. The ‘bid’ is what you sell it for if you wish to do so, and the ‘ask’ is the price at which you […]
We’ve all got several, don’t we? It’s impossible to get license plates for your car, without insurance. And far too many poor males, who have the most accidents, many times, buy the legal minimum of a $10,000 liability policy, placing the motoring public at high risk. That’s why you need an ‘uninsured motorist’ policy. I’ve […]
According to my Webster’s Dictionary, ‘legal tender’ is: “Money that must be legally offered in payment of an obligation, and that a creditor must accept.” Note that legal tender’s definition has no indication of value; just ‘money’ which has been made legal with which to pay bills or satisfy debts. ‘Legal tender laws’ are in […]
I have a client-friend who has a Tesla, and he loves it. It is a marvelous car! I have driven it and it is amazing. It will come to you from a parking lot, steer itself, drive itself, and stop at stop signs and red lights. Frank says that within 20 years, there will be […]
Ever wonder how the great illusionists (magicians) do their stuff? I do, and to be truthful, even though I don’t know how the professionals do it, I do know it is all a fake or beautiful illusion. I know he didn’t make that building disappear or saw the girl in half, because the building and […]
I won’t get into the insanity of Washington D.C. and its politicians who buy votes by ever increasing gifts to voters from the national treasury. Or 99% of D.C. for that matter, and especially Democrats who haven’t a concept of economics 101, or screwball ideas such as de-funding the police, opening the borders as Biden […]
Inflation is a very simple fact, and any dictionary will tell you that inflation is simply, “An increase in the money supply.” Or as “Stott’s Law” states, “The more of anything there is, the less they will be worth.” This includes sun in the desert, rain in a swamp, or virtually anything, including money of […]
I love Texas! Texans are friendly, patriotic., and simply great people. When I had three hotels in Silverton Colorado, we used to say that, “Texas money keeps Colorado green.” Probably does. The problem with Texas, is it’s too hot and too flat. Colorado is the most logical place to escape Texas’ problem. What does this […]
The old saying that, “It is stupid to close the barn door after the horse is gone,” seems to be appropriate currently. As an example, the mayor of San Francisco has decided that enough is enough, and she is going to stop all this lawlessness, store robbing, and vicious criminals having their own way. She […]
I am too lazy to write a column this week. I hope everyone has the merriest of Christmases. -Don Stott