Markets Don't Fail - Part II
Money Rewards Productive Talent
On July 26, 2025, Forbes published a book review written by John Tamny of my book, The Moneyball Method. That review was also published on July 18, 2025, at RealClearMarkets.com. This brief essay will focus on a quote from the sixteenth paragraph of the Forbes review:
Money rewards production, nothing else. It’s where production is, nowhere else. Shupe puts it so well, that “when we understand that money is the stored legacy of productive minds, we earn a healthy respect for it.” Money respects money, so does Shupe, but not most conventional thinkers who comment on money and markets. Hence, Shupe’s book.
In the previous essay, I encouraged readers to adopt the entrepreneurial mindset - create your vision, take calculated risks, learn from experience and measure success. As Tamny wrote in his review: “money rewards production.” So, what does it take to operate a successful business? Meet the needs of the customer. Be easy to use and understand. And be reliable. Very briefly, that is what it takes and what The Moneyball Method will do.
But first, you must develop a healthy respect for the virtues of money, information of prices, efficiency of markets and the justice of earned profit. That is difficult. One of the dominant forces in American culture today is the idea that prices are unfair and markets are unjust.
Of course, unfair and unjust are never objectively defined, so the context changes on the whim of the loudest critics - and the cause of the subjective effort to evade reality was expressed in Chapter Three,
This is because markets, a man-made phenomenon, share two important aspects with reality – they are complex dynamic systems and they don’t care about your prosperity, health or happiness. With both nature and markets, Renaissance giant Francis Bacon got it right, “Nature, to be commanded, must be obeyed.”
Conversely, “conventional thinkers” who rely on demand-side economic analysis and conservative rate of return assumptions are adding complexity to your investment strategy recommendations that are never reliable. From Tamny’s 2022 book The Money Confusion,
It cannot be stressed enough that the act of saving in no way shrinks demand as is ... what’s unspent is shifted to others in market-driven fashion. Money isn’t warehoused; rather what’s unspent is shifted to ever higher uses.
That is how markets work – and how personal investing should work. “Hence, Shupe’s book.” To learn more, please click the link below:
https://www.amazon.com/Moneyball-Method-Middle-Class-Manifesto-Objective/dp/1696009111/