One spring day in 2022, an elderly woman entered Paris’s Picasso Museum to see a new exhibit. Among the items on display was a decorative blue jacket, which was positioned on a wall next to a portrait of Picasso. The woman liked the look of the jacket so she took it down from its hook, put it in [...]
The Lighter Side of 2024
In the world of personal finance, some topics are serious—and others less so. Since it’s the holiday season, it seems appropriate to look back at some of the lighter stories of the year. Comedian. Back in 2019, artist Maurizio Cattelan unveiled a collection he called “Comedian.” The item that [...]
Market Worries
Earlier this week, The Wall Street Journal ran an article with the headline “Why This Frothy Market Has Me Scared.” The author cited a number of indicators that have him worried, including a survey of investor optimism that is at a 35-year high. Investors, the Journal said, are feeling “euphoric,” [...]
How to Audit Your Portfolio
Looking to conduct a review of your investments? Below is a five-point end-of-the-year housekeeping checklist. Suitability. When it comes to the world of investments, the most common types of assets are stocks and bonds—but they aren’t the only ones. There are alternatives like real estate and [...]
Tariff Worries
Imagine taking dollar bills and inserting them into a shredder. This is how you might think about a concept economists call “deadweight loss.” As its name suggests, a deadweight loss occurs when there’s an irrevocable loss of economic output. Deadweight losses can occur under a variety of [...]
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