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The New Europe
February 20, 2024 | Yes, your home reno is very impressive and ambitious, but it pales in comparison to what’s going on in Saudi Arabia. Big things are happening in the kingdom whose Crown Prince has committed to turning the Middle East into “the new Europe.”
International Bestseller
February 18, 2024 | The great American author Stephen King rejected himself. King had written his first story, ‘Carrie,’ but threw it in the trash because he felt it was inadequate. The next day, his wife pulled the story draft out of the trash.
Chocolate Block
February 17, 2024 | A heartwarming story out of the nation’s capital: After her father was diagnosed with cancer, a young woman began collecting and donating books for kids undergoing their own cancer treatments.
Share the Wealth
February 16, 2024 | Private equity (PE) doesn’t exactly have a stellar reputation for treating employees well. Instead, buyout deals usually spur strict cost-cutting and layoffs, providing strong returns for investors in PE funds.
Finance 101
February 15, 2024 | Baylor University is a private, Christian university about 95 miles south of Dallas, with strong athletic programs. But now, it’s getting known for its stellar endowment performance.
Bond Rally Goes Poof
February 14, 2024 | And just like that, they’re gone. No, that’s not a Valentine’s Day musing about the one who got away. Rather, we’re talking about bond market gains since investors got hooked on the prospect of rate cuts in 2024 amid the Fed’s December meeting.
America’s Shipbuilding Problem
February 13, 2024 | One of America’s great strategic assets during World War II is long gone: its shipbuilding industry.
Illegal Index Funds
February 12, 2024 | Should index funds be illegal? It’s more of an intellectual question than a serious one. For example, the U.S. stock market couldn’t really function if 100% of investors held all their money in S&P 500 index funds, at least not as any useful tool for allocating capital.
Hollywood Economics
February 11, 2024 | The film industry isn’t all glamorous. For every big hit that makes hundreds of millions — like “Oppenheimer” and “Barbie,” countless films go virtually unheard of.
Drumbeat of Skepticism
August 5, 2024 | Woah — we all need a breather. How quickly the tides turned. In a matter of a few weeks, the narrative on Wall Street has shifted from soft landing to all-out panic.
Charlie Munger’s Predicament
August 4, 2024 | At 31, Charlie Munger found himself at a devastating low point. Each personal tragedy alone could break a spirit, but Munger refused to succumb to despair.
Correction Territory
August 2, 2024 | Folks, the unemployment rate is ticking up — it just hit its highest level since the fall of 2021. Broadly, the U.S. job market showed significant signs of cooling.
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