Though I've never used illicit drugs, I do regularly drink caffeine through my coffee habit, consume alcohol via two or three glasses of wine a year, and have ingested nicotine having smoked a handful of cigars over the past couple of decades. As a libertarian on social issues, I won't comment on whether or not marijuana or other drugs should be legalized. As a fiduciary charged with providing a sound rate of return for my clients, I don't make any moral judgements on companies in which I invest as there is too much grey involved in making a judgment as to the goodness or evil of a company's people or its goods.
The past week has continued the recent pattern of extreme volatility this year with major indices again moving into negative territory year-to-date. Though I will publish the more comprehensive market and economic quarterly newsletter soon, I thought I'd share a portion of the chapter on Media Madness from the book I'm currently writing. I hope you find the snippets from the chapter more useful than the "experts" shouting advice encouraging you to take rash action.