Most Holy Spirit, who didst brood upon the chaos dark and rude, and bid its angry tumult cease, and give, for wild confusion, peace: O hear us when we cry to thee for those in peril on the sea. —Traditional Hymn Bon Voyage! A man in a wheelchair, pushed by his gray-haired wife, rolled into […]
Another day. Another sucker punch. And another guess about the dumbest investment you can make. USA Today: President Donald Trump on Wednesday imposed 25% tariffs on imported automobiles, barreling forward with a whiplash economic strategy that has rattled markets and ignited a global trade war. Trump detailed the tariffs, which will start at 2.5% and […]
All that matters is incentives. As Charlie Munger said, “Show me the incentives and I’ll show you the outcomes.” It really is that simple. But what incentives do leaders face?
‘One thing I like about Argentina. They cook with salt. That’s it.’ —Robert Duvall Well, you never know, do you? Recall that the Argentines introduced a “century bond’ in 2017. At the time, we were not alone in considering it the ‘dumbest investment in the world.’ Who would lend the Argentines money for 100 years, […]
The first 100 days of a new administration are said to be the most important. That is when the new team has the most momentum and enjoys most support. People expect change…and want to see what happens. So, with more than two-thirds of Trump’s first hundred days already digested, it might not be too early […]
In the news yesterday, Cryptopolitan: ‘President Donald Trump is now backing off plans to announce new industry-specific tariffs on April 2, according to a Monday report from the Wall Street Journal, which said the White House is still moving forward with reciprocal tariffs, but is now leaving out the broader measures on automobiles, pharmaceuticals, and […]
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