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 [...]
Tariff Worries
Imagine taking dollar bills and inserting them into a shredder. This is how you might think about a concept economists call “deadweight loss.” As its name suggests, a deadweight loss occurs when there’s an irrevocable loss of economic output. Deadweight losses can occur under a variety of [...]
A Frequent Debate
In the world of personal finance, people debate about everything. Among these arguments is the question of how to measure risk. In general, partisans on this topic fall into one of two camps. In the first group are those who believe risk can be quantified and distilled down to a single number. [...]
The HMS Dreadnought
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 [...]
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 [...]
- 1
- 2
- 3
- 4
- Next Page »
