On February 7, 1910, an odd event occurred in the British town of Weymouth. A group of five arrived for a tour of the HMS Dreadnought, a battleship that was the pride of Britain’s navy. The five were welcomed with fanfare, their staff having communicated in advance that they were members of the [...]
Cage Match
In recent months, Mark Zuckerberg and Elon Musk have been trading barbs, going as far as discussing a “cage match”—a literal fight. This has followed a volatile few years for their respective companies. In October of last year, Musk took over Twitter and immediately started making changes: [...]
Good Choices
Economist Harry Markowitz, who passed away recently, invented a new approach to investing. Known as modern portfolio theory, it offered investors, for the first time, a logical approach to building portfolios. How much should you hold in stocks vs. bonds? Markowitz could tell you precisely. But [...]
How investors can use AI today
A little while back, New York attorney Steven Schwartz found himself in hot water. Schwartz was representing a passenger injured on board an Avianca Airlines flight. In a filing with the court, Schwartz cited several precedents that appeared to support his case, including Martinez v. Delta Air [...]
The legacy of Harry Markowitz
Those who live very long lives sometimes face an unfair irony: The accomplishments of even towering figures can lose their luster over time—not because they’re proven wrong but because the ideas they developed become so widely accepted that we forget they were once new. The investment world lost one [...]
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