I’ve written about David Swensen and the Yale Endowment several times over the years (here and here, for example) because i find both fascinating. I first learned about Swensen in…
Market risks often come from the most unexpected places. Last week, a possible economic meltdown in Turkey rattled global markets. I wouldn’t have guessed that as recently as a week…
On February 5th, Jerome ‘Jay’ Powell was sworn in as the 16th Chairman of the Federal Reserve, following Janet Yellen, who served one term starting in 2014. Powell’s first day…
…crisis high of just of a year of supply. Home prices have also turned up nicely in the last year according to the Case-Shiller 20-City home price composite. This data…
…are tied to other interest rates like LIBOR plus 0.25 percent. Well, if LIBOR goes to -0.75 percent, that means that the rate on the mortgage is -0.50 percent so…
…that it bought in the past to avoid capital gains, in the way that Buffett swapped out shares of PG. Some Buffett critics have come out complaining that his swap…
The market rebounded firmly from yesterday’s slide, with several macro developments in focus. The market was positive on comments from Fed Chair Powell that the Fed will be ‘patient’ as…
…the document, you can see why we’ve outsourced it: it’s an incredibly complex process that’s extremely time-consuming and labor intensive. It’s still very important and the Securities and Exchange Commission…
…of getting computers to act without being explicitly programmed by humans. Goldman Sachs reports that the world’s 13,000 public companies produce two million pages of annual reports and 30,000 of…
…example may be helpful, so take a look at the table below to see how a border adjustment tax would impact three companies: a purely domestic company, a pure importer…
