John T. Reed’s news blog

Much talk about risk management in crypto. Does anyone know what risk management is? Or are they magic words like “Open sesame” or “WD-40” or “elbow grease?” .There are five ways to manage risk:.• avoid it, e.g., refuse to own any crypto• shift it to someone else, e.g. purchase a crypto insurance policy (there is no such thing)• hedge it, i.e., invest an equal amount in an asset that moves in the opposite direction when crypto moves—a way to lock in the current price—being long and short in the asset simultaneously which is much more complicated to do that it is to...

How hard is it to pit the two top NCAA football teams against each other in a national championship? Apparently impossible for the people running FBS. .65 to 7—and it wasn’t that close. The fourth quarter was mostly Georgia’s Rudys playing against TCU’s came-in-second-for-the- Heisman-Trophy QB.

FreedomFest head Mark Skousen recently wrote about gold as an inflation hedge. I sent him this email: . You should read my web article https://johntreed.com/.../60940227-disadvantages-of-gold..... A couple of points: A. Gold is not a good inflation hedge because it’s gold, but rather because it is a commodity. A diversified portfolio of durable commodities like junk silver, current US nickels or pennies, gold coins, etc. should be better than gold because of the anti-gold discrimination points in my web article. Also, I recommend taking delivery of coins, not buying options or mining company stock. Gold must be kept OUTSIDE of the...

There is another op-ed in today’s WSJ about how bad the hyperinflation danger is: ‘We Aren’t Ready for A Financial Crisis’ by Howard Adler. . It says what I keep saying. We must cut federal spending. The trouble with all the WSJ op-eds saying this is that is where they stop. . I add, the politicians will never do that, so you have to take care of yourself. The writers in the WSJ are acting like they are think tank guys, and many are. They write as if the President and Congress were interested in what they say and likely...

We have an interesting high school football situation here in CA. We are too big to have a state championship tournament. 40M people—more than Canada. . They used to just have regional championships. My son Dan's team won his, North Coast, 40-0 in 1998. He scored 26 points. His QB was Ken Dorsey who went on to win the college national championship at Miami. He is now OC at the Bill's. But Ken could not do much passing in that NCS game. It was raining sideways and freezing. . 12 miles from my house is De La Salle High School,...