Adam Smith and The Motley Fool

Hello again!

I haven’t been posting as much as I’d like lately mainly because I’ve been doing a lot of research on the universe of stocks in the energy sector. Why, you ask? Because (I answer) I’m going to try to write syndicated articles on energy stock investments for The Motley Fool. They pay a good rate to freelance writers, I require a steady income sometime soon, and well…there you have it. So stay tuned for more on that over the next few weeks as I submit my first articles!

In other news, I’ve started reading Adam Smith’s “Wealth of Nations” (the actual title is bit longer) and it’s quite the tome at about 1000 pages! I’m enjoying it quite a bit so far, and I was glad to find that the English from that period isn’t very difficult to follow.

Smith builds up his model of how an economy works in a logical series of steps and I often find myself anticipating when he’s about to come to some oft-quoted gem such as this:

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” (How true!)

And this one, which comes during a discussion of “absolute demand” vs. “effectual demand” which is an issue that I’ve run into myself while dabbling in economic modeling:

“A very poor man may be said in some sense to have a demand for a coach and six.”

It’s also interesting to read the early explanations of concepts we normally find today in any macro-economics text, such as national income accounting. I’ve had my copy of “Wealth of Nations” for years, but just finally got around to starting it. I’m glad I did! It seems like it’s going to be a grand old time.

So anyway, once I get my income situation a bit more stabilized, I’ll be able to devote more attention to this blog. I’m keeping the dashboards updated every week though, of course, so keep checking in and…keep pipping up!

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