The Barbary Pirates operated out of North Africa from approximately 1500 to 1800, capturing and enslaving an estimated 1.25 million Europeans. Between just 1609 and 1625 they captured 466 British ships. With the lifeblood of trade under siege, European nations agreed to pay tribute for free passage.
For the past 30 years, the brokerage industry has been telling you that, “You can’t beat the market and you can’t time the market.” Brokers almost universally recommend the buy and hold strategy of 60% S&P 500 index and 40% bonds, or something similar depending on your age.
The Trump Administration’s recent moves against universities raises an important question for America – What is the role of government funding in research?