Last week, OpenAI founder Sam Altman sat down for an interview with venture capitalist Brad Gerstner and Microsoft CEO Satya Nadella. Both are investors in OpenAI, so it seemed like a friendly audience. But Gerstner posed a question that seemed to make Altman uncomfortable. Since introducing [...]
Managing a pricey market
Stock market investors are enjoying yet another strong year. The S&P 500 has gained about 14% so far, shrugging off, for the most part, uncertainty over tariffs, interest rates and the latest government shutdown. Should this worry us? Since ancient times, soothsayers have been [...]
Managing concentration risk
Larry Ellison, the cofounder of Oracle Corporation, recently became the world’s wealthiest person. Oracle, a software company, isn’t nearly as large as its peers. So how did Ellison’s net worth manage to surpass that of Bill Gates, Jeff Bezos and the founders of other much larger companies? The [...]
Art Heist
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 [...]
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