10 May 2026
Wolves, shepherds and the state’s lost dignity
A society begins to fall apart when protection ceases to be a moral priority. A state that fails to protect its people does not lose its authority: it…
A society begins to fall apart when protection ceases to be a moral priority. A state that fails to protect its people does not lose its authority: it…
The convulsions in the White House have knocked markets out of line, and many are still misreading the label. What looks like value may be something else of…
Less than a year ago I stumbled by chance upon some photographs, always with their backs turned, of some mature men with their little gray “mane”, always near…
Holmes is in prison and FTX has gone bust, with the same major funds behind both. Investing involves many things; blind trust is not one of them.
Low fees because a machine decides instead of a person. The trouble is that most people buy the fund for the fee, not for what it holds inside.
Dimon announces a hurricane and BlackRock had warned before him. When everyone sees the storm at once, that is usually also the moment to look at what to…
Investing in e-commerce has become a leap of faith. No standard valuation can support those multiples.
A polar vortex over Chicago serves as a reminder that energy still calls the shots. Why oil remained a sound investment at the time.
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