Iran is poised to emerge from the war battered militarily and economically but strengthened strategically, the newly empowered gatekeeper of... Read More
Active management's persitent failure is not temporary. Read More
A new report found that 82 percent of Americans want the benefits of free markets taught in high school. Read More
“Sorority consultant” is a profession, and a well-paid one at that. With achieving the “right” bid increasingly a... Read More
Trump's war with Iran reveals the risks of relying on natural gas, from the US or anywhere else, for energy. Read More
Trump’s most consequential foreign policy mistake. Read More
Paul Graham and his wife are the founders of YCominator and have helped 30 founders become billionaires over the last 21 years. Contrary to... Read More
Establishing a human colony on Mars is fraught with risk. Why are so many people obsessed with achieving it? Read More
Wielding grievance, the administration attacks a time-tested system—to no one’s benefit. Read More
Iran, home to the world's best performing stock market over the last month. Read More
With Raw Farm, the largest raw-milk dairy in the country, Mark McAfee has capitalized on a once-fringe product that’s been thrust into... Read More
A one-sided relationship Read More
Will boomers crash the stock market? Read More
Why does nobody there talk about zoning? Read More
Schwab's large cap value ETF just purchased SpaceX. Read More
There’s always some uncertainty around a new Fed chair and how they’ll handle the communication of monetary policy. But... Read More
Probably not. Read More
Less than half of American workers feel that they clearly know what their employers expect from them. And many employees are too discouraged... Read More
Thoughts on the fallout from the Iran debacle. Read More
In my 45 years in the investment business, we've observed numerous peaks of excitement. [...] It has now hit a recent peak of 7,580. Read More
On my failings as an investor. Read More
A potentially strong El Niño in 2026, shifting global rainfall and coming on top of fertiliser supply disruption, could push next... Read More
A small number of stocks drive most of the market’s long-term return. Read More
Across 44 international equity markets, the authors uncover a large and persistent “dividend premium.” Dividend-paying stocks... Read More

The S&P 500 recently reached another record high. Financial commentators celebrate each new high as proof of American prosperity. Politicians point to rising markets as evidence that economic policy is working. Millions of investors open their retirement statements and feel wealthier than ever. And perhaps they are. But before we congratulate ourselves too enthusiastically, it may be worth ask... Read More
Active management's persitent failure is not temporary.... Read More