In Ft. Lauderdale, Florida, an unusual property sits wedged in among a row of waterfront mansions. It’s a 35-acre patch of wooded wilderness with just a single home, called Bonnet House. It was for many decades the winter residence of a woman named Evelyn Bartlett. Mrs. Bartlett first began [...]
Tesla
In his own words, it’s been “an intense 7 days” for Elon Musk. Last Friday, Tesla demonstrated a new prototype product, a robot called Optimus. On Sunday, Tesla announced that it had delivered a record number of new vehicles in the third quarter. And on Wednesday, a rocket built by SpaceX, one of [...]
The storyteller’s toolbox
In the past, I’ve talked about Robert Shiller’s book Narrative Economics. Shiller argues that stories can be a powerful force in moving markets—more so even than facts or data. Recently, I gained a better understanding of why that’s the case. I was speaking with a fellow who, it seemed, I [...]
Ominous predictions
In a note to clients this week, Deutsche Bank analysts wrote that they expect a “major recession.” Are you wondering what to make of ominous predictions like this? Below are some suggestions. First, don’t panic. Yes, Deutsche Bank is a big institution. But it's worth noting that this week two [...]
It depends
Many financial questions have clear answers. Does it make sense to engage in day trading? Probably not. Should you invest everything in bitcoin? I wouldn’t recommend it. Is it smart to carry big credit card balances? It’s hard to think of a reason why. Many other financial questions, though, [...]
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