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Michael Rivers
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*Mike Rivers' Blog moving to WordPress: https://athenacapitalblog.wordpress.com/*
After 8 1/2 years on blogger, it's time to move on.   My new posts will be on WordPress at athenacapitalblog . Please follow me there to keep up with markets, economics, financial planning and all things investing-related. I look forward to hearing from you...
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Falling prices are good, unless you are an imminent seller
When the stock market is tanking, like it has been recently, I find many people are scared to talk to me about it. They seem to think that declining stock prices are like a death in the family--a reason to offer condolences. But, why is that? I don't fret i...
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What is diversification worth?
In the investing world, diversification has the feel of holy writ. No one conventional will ever question it. The reality, however, is that diversification is frequently taken out of context and misunderstood. For example, many investors are sold on the ide...
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The stock market wakes up to global risk
Surprisingly--to me, at least--the market has finally woken up to global economic risks. The signs were there before: commodity prices tanking, emerging markets in heavy decline, state interventions in Greece and China, accusations of broad corruption in pl...
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China's transition
Outstanding article on China from Stratfor.  The image that many have of China's economic growth and political freedom are at odds with the facts.  This article does a great job of showing where things have been, where they are now, and where they may be go...
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China is looking increasingly desperate
Paper was first invented in China. So was paper money, and thus runaway inflation. It is interesting to see China return to its historical roots this week with the significant devaluation of its currency, the renminbi.   China's actions make it look despera...
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China and Greece: sound and fury signifying nothing?
Just a couple of weeks ago, you couldn't look at the news without seeing dire predictions about Greece leaving the European Union or China's stock market tanking. Now, it seems like these perils have passed and there's nothing to worry about. That's unlikel...
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Athena Capital Client Letter
Athena Capital's latest client letter is available.  In it, I cover client investment performance, what I think is happening with the economy and markets, and an after action report on one of our successful investments: Ryanair. Nothing in this blog should ...
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