Morgan Housel, author of The Psychology of Money, once made this observation: “Before the 1700s, the richest members of society had among the shortest lives—meaningfully below that of the overall population.” It was counterintuitive, but Housel cited a hypothesis, developed by historian T.H. [...]
Department of Labor Information Letter 06-03-2020
Does wealth provide advantages? Yes, but it can also invite some unique challenges. Consider country music singer Kane Brown. A little while back, shortly after moving into a new home, he went out for a walk. He told his wife he'd be back in half an hour. But seven hours later, after getting lost, [...]
The bet
In his company's 2006 annual report, Warren Buffett devoted several paragraphs to a scathing criticism of the hedge fund industry. Their fees, Buffett wrote, were so exorbitant and so stacked against investors that they amounted to a “grotesque arrangement.” For that reason, Buffett frequently [...]
The Gladwell approach to investing
Acclaimed author Malcolm Gladwell talks about the importance of adding “candy” to his writing. By this, he is referring to the side-notes, trivia and factoids that he uses to hold readers’ interest. Gladwell is quick to note, however, that writing can’t be all candy, with no “main course,” just as [...]
The curious case of Adam Neumann
This week the world met WeWork founder Adam Neumann. The meeting did not go well. In recent months, WeWork had been preparing an initial public offering for its stock, and things seemed on track. But by the end of this week, the IPO had been shelved and Neumann was out of a job. The proximate [...]
