John T. Reed’s news blog

A reader ordered six of my Succeeding books this week. That reminded me that it is a great graduation gift..Young men and women are told that the key to success and happiness is to go to college or a trade school and work hard. Colleges teach subject matter—useful if STEM; mere educated-person signalling if not STEM..There is a lot more to it than that. My book is real world. For one thing, it explains that the adult world is not organized by subject matter like high school or college. The more important organizing categories are self-employment versus commissioned sales versus...

I just heard Dr. Sanjay Gupta, MD commend Pop Warner Football for outlawing the 3-point stance at the lower levels of youth football. This is apparently an anti-concussion rule. The 3-point stance is used by offensive and defensive linemen and some running backs. In the case of linemen, it is because “Low man wins” in contact between opposing football players as evidenced by that ancient coaches admonition to players. Running backs use the 3-point stance to get a faster start like a track team sprinter..1. Concussions come from high speed contact. Contact between linemen upon the snap of the ball that...

This is a collection of recent posts on my Facebook account..It is a great mystery to me, and maybe most other men, why many beautiful women choose men who are not attractive as their spouse or boyfriend. Felicity Huffman, who is a TV star albeit not that great looking, has a husband who looks like a homeless guy, even when he’s wearing a tux. (William H. Macy of Fargo fame) Lori Loughlin, who IS great looking, is married to another old homeless guy. (American clothes designer with an Italian first and last name? He was formerly good looking.).I guess one...

Further evidence of the idiocy of Main Street investors: The Lyft IPO indicates that company is worth $26.5 B..The following phrase appeared in the WSJ 3/30/19 article about the Lyft IPO: “...both [Uber and Lyft] still post big losses, but their revenues are growing sharply.”.That statement shows the idiot mentality. The word “but” implies that “revenues growing sharply” render “posting losses” no problemo. Bull. .There have been cases where a company with a combination of long loss periods and high growth eventually became profitable—mostly Amazon. But more often, companies that produce nothing but losses during their initial decade or decades should not attract...

An op-ed by Martin Feldstein in today’s WSJ says what I keep saying since the first edition of my How To Protect Your Life Savings from Hyperinflation & Depreciation came out in 2010: The federal government is financially doomed by growth of entitlements—Medicare, Medicaid, and Social security. The article is “The Debt Crisis Is Coming Soon.”   But no one listens. I keep pointing out the various article like this where someone more famous than I says it. Why do they not say it louder? No one wants to hear it. Why do they say it at all then? Because...