Wednesday, July 14, 2021Volume 2, Issue 35 “There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: (1) speculating when you think you are investing; (2)
The Seven Sleepers
Tuesday, June 29, 2021Volume 2, Issue 34 During the reign of Emperor Decius, early Christians faced one of the periodic persecutions imposed by the Roman Empire. Although over two centuries had passed since the crucifixion of Jesus Christ and the beginning of
Sunday Links – June 27, 2021
Sunday, June 27, 2021Volume 2, Issue 33 The Four Americas I spent most of Saturday catching up on some reading, something that is much easier to do when one avoids social media. I have a number of articles and podcasts to
Wednesday Links – June 23, 2021
Wednesday, June 23, 2021Volume 2, Issue 32 “Today is a milestone for me. In 2006, I pledged to distribute all of my Berkshire Hathaway shares – more than 99% of my net worth – to philanthropy. With today’s $4.1 billion distribution,
Pounds of Salt: The Fed’s Epistemic Arrogance
“The dots are not a great forecaster of future rate moves. And that’s not because—it’s just because it’s so highly uncertain. There is no great forecaster of the future—so dots to be taken with a big, big grain of salt.”