A Silent Interlude

“My God, what did he tweet now?!?” One week ago, at exactly the hour that I am typing these words, I stood at the tallest summit in the contiguous United States. Mt. Whitney, at 14,505 feet, is the crown jewel

The Giles Resolutions: Scandal and Bailouts in the 1790s

What has been will be again, what has been done will be done again; there is nothing new under the sun. –Ecclesiastes 1:9 Political intrigue, allegations of financial impropriety, vicious attacks in the media, intemperate politicians, and anonymous trolling. These

Availability-Misweighing Tendency

This mental tendency echoes the words of the song: “When I’m not near the girl I love, I love the girl I’m near.” Man’s imperfect, limited-capacity brain easily drifts into working with what’s easily available to it. — Charlie Munger,

Warren Buffett Moves the Goalposts!

Warren Buffett released his 2018 annual letter to Berkshire Hathaway shareholders last weekend which, of course, prompted investors and journalists to set aside their normal Saturday morning activities to analyze the Oracle’s words in great detail. Since the mid 1980s,

Jack Bogle: Crusader for Investment Professionalism

“If you want to be trusted, be trustworthy. If you demand hard work, work hard. If you want your colleagues to level with you, level with them. It’s not very complicated!” — John C. Bogle, Enough: True Measures of Money,

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