Author Archives: Sanford Rose

Sanford Rose, of New Jersey and Florida, served as Associate Editor of Fortune Magazine from 1968 till 1972; Vice President of Chase Manhattan Bank in 1972; Senior Editor of Fortune between 1972 and 1979; and Associate Editor, Financial Editor and Senior Columnist of American Banker newspaper between 1979 and 1991. From 1991 till 2001, Rose worked as a consultant in the banking industry and a professional ghost writer in the field of finance. He has also taught as an adjunct professor of banking at Columbia University and an adjunct instructor of economics at New York University. He states that he left gainful employment in 2001 to concentrate on gain-less investing. (A lifelong photo-phobe, Rose also claims that the head shot accompanying his Weekly Hubris columns is not his own, but belongs, instead, to a skilled woodworker residing in South Carolina.)

Unsung Villains of World War I

“Bit players sometimes steal the show.”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—7/21/2014—Let’s start with someone who was named Villain—Raoul Villain. He shot Jean Jaurès, the French socialist leader, on July 31, 1914, just days before the outbreak of the war. Jaurès was a pacifist, with ties to German pacifists and socialists. […]

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Fed Up

“The Fed allowed itself to be distracted by a misguided concern with headline inflation . . . .”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—7/14/2014—Post mortems on the Great Recession are now so numerous that they surfeit the interested reader. Some ascribe the causes of the calamity to the cupidity of […]

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The Turbine Within Us

“The body uses a lot of ATP; in fact, even a sedentary man weighing around 150 lbs. requires around 183 lbs. of ATP each day.”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—7/7/2014—All energy comes, directly or indirectly, from converting electrons from a more excited to a less excited state. In the […]

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An Anniversary Anthem

“. . . young men die because old men lie.”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—6/30/2014—William Norman Ewer wrote little poetry. The British journalist (1885-1976) was chiefly known for his doggerel, the most famous example of which is “How odd of God to choose the Jews.” (A Jewish wag retorted: […]

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Was It the Chicken, or the Egg?

“. . . the housing boom of 2002-2005 was . . . a banker-created excrescence.”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—6/23/2014—Did the housing boom of 2002-2005 cause the upsurge in toxic lending of the same period? Or did the lending explosion cause the housing boom? The inquiry is not academic. […]

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A Piketty Pot Pourri

“It is not true that globalization is the primary cause of the relative impoverishment of the American worker.”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—6/16/2014—On dipping into Thomas Piketty’s monumental Capital in the Twenty-First Century: The new rich are not rich because of capital gains or dividends. They are rich primarily […]

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Teuton vs. Slav

“In acting against Serbia . . . Austria-Hungary and its ally, Germany, felt they were defending their Teutonic empires against . . . malevolent Slavs.”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—6/9/2014—The anniversary of the most important event of the last hundred years draws near. On June 28, 1914, the heir […]

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Picking Up Piketty

“There looks to be more inequality in our future . . . .”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—6/2/2014—Everyone’s doing it–picking up Thomas Piketty’s chef d’oeuvre, Capital in the Twenty-First Century. The Right is doing it to criticize. It’s picking on Piketty. The Left is doing it to celebrate the […]

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Pass the Prunes; We’ve Got To Go

“A growing segment of the aging population will work . . . to blunt the effect of undeniably adverse demographics . . . .”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—5/26/2014— We are the old—of increasing girth and decreasing shank. We’re supposed to slow down the economy by 1) quitting the work […]

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My Last (Well, Perhaps Not Quite Last) Column on World War I

“. . . Britain agreed, at least initially, to look the other way if Austria-Hungary temporarily occupied Belgrade . . . .”—By Sanford Rose Dolors & Sense By Sanford Rose KISSIMMEE Florida—(Weekly Hubris)—5/22/2014—Since the centennial of World War I approaches (July-August, 1914), I thought I’d do a summary of the viewpoints and culpability of the […]

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