ARCHIVES
02/09/2007 - Land Ho
Greg's Note: Outstanding Investments' Justice Litle returns to analyze the natural gas market. Even though it started out mild and even balmy, this winter rapidly turned nasty for much of America. Obviously, that puts pressure on the natural gas prices. Justice covers the domestic market for the near future and then offers a specific, small natural gas play in Outstanding Investments. (Don't worry, he'll be back with more on his more abstract Latticework series in future Whiskey shots.) 01/23/2007 - The Stuff of the Madding Crowd
Greg's Note: Outstanding Investment's Justice Litle brings us some more vittles on how our mind approaches the market. And, it may even be that this same approach -- when exhibited in monolithic force by the mad crowd -- can actually influence the same market it tries to understand. Wacky. Today, we'll take a look at behavioral economics through the lens of cognitive biases. From whence do these biases spring? From nature? From your environment and societal upbringing? From Missoula? 01/02/2007 - The Value of Latticework
By Justice Litle
Greg's Note: Outstanding Investments' Justice Litle returns with some more philosophical reflections on how any piece of knowledge, when pored over, can inform your actions in the markets. Makes me feel less guilty about reading Icelandic literature when I "should" read Mises.org. In any case, he starts with a discussion of contrarianism and then moves to the latticework connections we ought to uncover between pieces of seemingly unrelated thought. It seems that these connections have an inherent value and power independent of the original ideas they connect. 11/29/2006 - Punctuated Bubbleibrium
Greg's Note: Today Outstanding Investments' Justice Litle returns with a missive that seeks to weave facets of evolutionary theory with the behavior of the markets. He even coins a new term, "Punctuated Bubbleibrium." 11/09/2006 - Mind the Gap
Greg's Note: Justice is back with an essay dissecting the "We Think They Sweat" argument. No, he and I aren't traipsing down to the local sorority in philosopher garb..."We Think They Sweat" is a way to understand the effects of globalization. What does it matter if China churns out iPods at a 5% margin if Apple takes the hefty profits and delivers the benefits to American shareholders? 11/05/2006 - Coyote Dawn
Greg's Note: Today, Justice revels in a coyote-symphonic sunrise. He recently accompanied his wife on a deer hunting trip in early-morned Nevada - where he thought about the two different schools of deerhunter - the impatient "wham-bammers" vs. the stolid "experience hunters." After explaining the difference between these two camps, he forges a parallel between the deerhunter camps and the short-term hedgie-style traders and the more patient buy-and-holders. 10/15/2006 - Stacking Hay Bales
Greg's Note: Today, we re-launch our forgotten and unmissed weekend edition. And who better to pen the column than our buddy Justice Litle from Outstanding Investments? After extreme coercion and promises of eternal fame, Justice has agreed to join your stable of Whiskey aficionados. So you can expect to see some more of him. Today, he writes about coal - that dark, dirty repository of sun. 07/14/2006 - Free Markets, Free Men, and Fractional Reserve Banking, Part I
Greg's Note: Here's Justice Litle's foray into the W&G battle on banking. Today he offers a rebuttal of Chris Mayer's case for the 100% gold standard. Justice offers fractional reserve banking as an alternative. Justice offers an intro below, so I'll keep this brief. 02/05/2006 - "Buy Up To" Prices and the Logic of the Long Term
Greg's Note: We have a dual mission on this trip…first, to get our boots on the ground to inspect some potential Indian investment opportunities. And second, to plan a possible India tour in the near future. I'll keep you updated on both counts, as I'll pitch in my "Notes from India" over the next few weeks. Please send me any India-related questions to greg@whiskeyandgunpowder.com and I will try to answer them in a future Whiskey shot. 12/23/2005 - The 29th Day
Here's Whiskey ally Justice Litle with a revealing piece on the approaching "endgame." He defies the drooling Panglossian optimism that tells us to "hold in there - we'll figure something out. We always do!" He paints a picture of the post Peak Oil world. It seems inevitable...so what can we do? Let's profit... 05/26/2005 - Curing Bubble Blindness
The cover of FORTUNE features the words "REAL ESTATE GOLD RUSH" in bold caps. Meanwhile, The Washington Post reports that even Playboy Bunnies are turning in their tails for real estate licenses and one out of every four houses bought last year was, ahem, investment property ("speculative purchases" is just too crass for polite company). 04/14/2005 - Courting Infamy
he Smoot-Hawley Tariff Act of 1930 stands as perhaps the most destructive example of boneheaded protectionism in U.S. history. There is even a memorial Web page at the U.S. State Department site. 04/06/2005 - Eurotrash
The euro is a wonderful idea, floated by a charming group of countries. Many thought it would never happen, that it couldn't be pulled off even if it did happen, that the transition would be a nightmare. 03/23/2005 - Innovation, Savings, and Demand
What do these developments have in common? They are all focused on natural resources, and they highlight the intersection of three key forces that form the heart and soul of capitalism. What are those three forces? Drumroll, please...they are innovation, savings, and demand. | 
