In the spring of 1959, then-Senator John F. Kennedy delivered a memorable speech in which he made the following observation: “In the Chinese language, the word crisis is composed of two characters, one representing danger and the other, opportunity.” Some have pointed out that Kennedy's [...]
Lobster?
Last year the author Malcolm Gladwell set off a firestorm when he attacked the rapidly-increasing cost of college tuition. In a podcast titled “Food Fight,” Gladwell argued that tuition is out of control because schools are engaged in an arms race to increase amenities, at the expense of [...]
Ten financial principles
This week, on the personal finance site HumbleDollar, I share ten financial principles to live by: https://www.humbledollar.com/2017/11/ten-financial-principles/ [...]
A smart move
In August of 2004, Silicon Valley venture capitalist Peter Thiel sat down to listen to a pitch from a 20-year-old entrepreneur named Mark Zuckerberg. It didn't take long for Thiel to make up his mind. According to most accounts, they met in the morning and, after a short break for lunch, Thiel [...]
Protecting yourself
Through the course of life, there are some anniversaries that we enjoy celebrating. And then there are others that we'd just as soon forget. Last week the investment world celebrated one of the latter sort: the thirtieth anniversary of the stock market crash of 1987. It is worth remembering however, [...]