It is no accident that the rapid rise in living standards over the past century has coincided with tremendous technological progress throughout the economy. At a fundamental level, rising living standards require the economy to generate an ever-increasing supply of
In this series, we suggest worthwhile reading material on a variety of topics of general interest. Daily Journal Corporation Annual Meeting – February 15, 2017. Charlie Munger spoke for nearly two hours at the Daily Journal annual meeting in Los Angeles.
Executive compensation has always been a highly controversial topic. Shareholders of public companies have often been critical of pay packages that appear to have little connection to underlying business performance while politicians and activists have criticized high executive pay in the
In this series, we suggest worthwhile reading material on a variety of topics of general interest. What to Make of the ‘Davos Class’ in the Trump Era – The New York Times, January 16, 2017. Andrew Ross Sorkin reports on
In this series, we suggest worthwhile reading material on a variety of topics, not all of which are directly related to investing. The World’s Largest Hedge Fund Is Building an Algorithmic Model of its Founder’s Brain – The Wall Street