William Hecht
Author Archive

William Hecht

Movies

This film brings to mind any number of films (e.g. the award-winning Roma by A. Cuaron and perhaps the newly released Licorice Pizza by P. T. Anderson) where the writer/directors looked back to  the people and places and of their upbringing and told a story in a labor of love.Though Kenneth Branagh altered some of the details, he grew up in a Protestant family living in a Catholic neighborhood in Belfast, Northern Ireland in 1969 during the “Troubles.” Shot in black and white, and with the balance of focus falling more on the people than the politics, the tone of the story leans toward perseverance and tenderness rather than resentment or bitterness.There are several name actors, including an excellent Ciaran Hinds, but Judi Dench, despite

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Markets

  [Note: This material is for entertainment and educational purposes only. Discuss your specific risk-tolerances, needs and strategies with an investment professional] ANY STOCK MARKET–even the over-supported and resilient US stock market–will sooner or later see to it that every successful trading or investment strategy fails miserably.  Right now, there’s a good chance that “buying the dips” and other bullish strategies will fall from fashion in the coming months.  This may also include investments in intangible or digital properties or currencies or meme stocks that became a source of easy wealth for millions of investors–most of whom aren’t aware that markets can go down or that value is not derived from a message board or chat thread. A former colleague of mine, Peter H. (R.I.P

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Movies

  THE IDEA of a more romantic Bond has been building. In Casino Royale, Bond had told Vesper Lynd that she could have all that was left of him. By the end of Spectre, Bond had chosen Madeline Swann, whom he meets again in No Time to Die. That relationship gets more complex as the movie progresses. The plot is more “nanotech” than ever before. The threat to humankind is terrifying for being more deadly and more purposeful than a mere bomb. The plot was complex and, as you would expect, moved through exotic scenes and otherworldly scenarios. The acting was compelling.  Bond veteran characters had a more dramatic  script. The likes of Daniel Craig and Ray Fiennes, but also returning characters played by Lea

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When John LeCarre died, I assumed I’d read his last book.  A friend texted me that a new LeCarre book was coming out. I investigated and ordered it immediately. The title was Silverview. I wasn’t through the first two chapters before I sensed a younger, more daring author. The author had died at 90 years of age.  He had begun the Silverview manuscript over a decade ago but paused time and time again, in search of a missing element. His son–also a writer– fulfilled a promise and saw the project through. It’s a shorter novel, but has the watermark of his best work: two ideals compete for devotion, be they patriotism and love, the individual and the institution, or conscience and expedience. It’s typically a somber

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Markets

[Note: this material is for educational and entertainment purposes only]   STOCK MARKET MANIAS are like champions in their fields: they do not go down without a fight. In August of 2020, I posted how the current  extended mania or “super bubble” represents decades of Federal Reserve Bank policies that led to a stock market seemingly incapable of falling for any stretch of time (https://www.moviesmarketsandmore.com/a-mania-to-rule-them-all/). The explanations for its longevity range from conspiracy theories to mass psychology to economic science: It is a self-fulfilling prophecy and a vicious cycle; no one sells because they are continually rewarded for buying and holding shares It is “propped up” by $1.4 trillion in QE per year (12 times $120 billion/month) and ZIRP or “zero-interest rate policy” at the

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Movies

The iconic TV show, Star Trek, flung wide open the door to science fiction literature for me. In fact some of the great early science fiction writers–like Asimov and Ellison–contributed to episodes for that show. I don’t remember when I first read Frank Herbert’s Dune, but it changed me. Three books from the 50s and 60s:  I Robot, Dune, and  A Canticle for Liebowitz stood out as a kind a Trinity in my Sci-Fi canon. It wasn’t long until film technology caught up with the imaginations of these writers: the refined special effects and later CGI in the ’70s and ’80s allowed access to countless tales of realms that could not practically exist outside of the mind. With the somber hues, the art shots and

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    “THEY WERE GARGANTUAN creatures. The earth was helpless before them as they devoured at their leisure whatever in their path might satisfy their appetites for another day.” Of course, this quote might be from a curator leading a fifth grade class through the Natural Science Exhibit on dinosaurs. But it could also be a future curator—from an orbiting city— lecturing about the now extinct giant corporations – many of them with sales figures that dwarfed the economic output of whole countries. “These “machines” as we now think of them, were so focused on meeting their insatiable quotas for growth, they altered the proximate ecosphere and even economically colonized the inhabitants. Of course, after exhausting the resources of the surface they scoured the ocean

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Markets

[Note: This content is for educational and entertainment purposes only. Consult a professional before making or changing investments.] Did the Coal-Mine Canary Just Byte the Dust?  NOTHING EXEMPLIFIES today’s progressive abstraction of reality and value  better than bitcoin–or say better than cryptocurrencies (bitcoin is the largest of many).   Over the last few hundred years, systems for a medium of exchange (and store of value, etc.) went from physical gold and silver coins to paper currency (notes) that did represent some quantity of a valued commodity (e.g. pound sterling or gold standard US dollar) to a completely confidence-based currency (“fiat” currency e.g. most world currencies today) to bitcoin (a unique algorithm among a finite supply of them). As I looked back on the economics class I

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Movies

Trial of the Chicago Seven A riveting film considering the events are part of history. Heavyweight actors abound in the cast of a film worthy of its many awards.  Mark Rylance, a favorite actor (Dunkirk, Bridge of Spies, Ready Player One), plays the attorney for the defense. Michael Keaton shows up in a special role to name only two. This film brought to light the confrontations up to and after the 1968 Democratic Convention in Chicago when a group of activists planned anti-war and counterculture protests at a nearby park.   Justice itself goes on trial here and it’s only before the credits roll that you learn what happened afterward. A number of people put years of  their own freedom on the line for the

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Markets

[Authors Note: This material is for entertainment and educational purposes only. Consult an investment professional about your personal investment needs and preferences for risk] I HAVE BEEN AN AVID OBSERVER  for thirty years as markets have made their seemingly inexorable rise despite manias and crashes and soaring national debt. I read about historical markets and the concomitant calamities and mostly booming recoveries therefrom.  I wish I had a dollar for every conspiracy theory and every method of prediction or forecasting I have come across. I even had a financial radio show in 2005-6. All of my guests–many of them prestigious–predicted the crash to come, though two years early.  The current market condition–like much of what else has happened in the last five years–continues to have

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