I, Pencil


Hi Michael,

Enjoy your podcast immensely!

As I listened to podcast 23 and you mentioned Friedman’s pencil analogy I didn’t know if you had the original work actually written by Leonard E. Read, first published in 1958. I attached it (PDF) for your reading enjoyment.

You have NO idea how much enjoyment I get out of your podcast. Keep up the good fight.

Richard S.

Thanks Richard for the kind words.

You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.