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Monday, March 9, 2026

Energy / Iran -- Some Thoughts

Energy / Iran -- Some Thoughts

The closure of the Strait of Hormuz due to Iranian drone attacks has created a brutal…

Friday, January 9, 2026

Making Connections

Writing a quarterly newsletter for clients is a terrific exercise because it forces us to…

Thursday, November 6, 2025

Buried in the Fine Print

Buried in the Fine Print

There was a remarkable disclosure buried in the footnotes of Microsoft’s most recent…

Thursday, October 16, 2025

A Carpe Diem Attitude

A Carpe Diem Attitude

The economy, outside of AI infrastructure spending, isn’t looking too hot. Gasoline prices –…

Thursday, September 18, 2025

Time to Reflect

A poll was just released showing that 48% of Americans haven’t heard a single thing about…

Monday, September 30, 2024

Demography is Destiny

Demography is Destiny

A global tectonic shift is afoot that promises to rival the Industrial Revolution in…

Sunday, March 31, 2024

Berkshire's Architect - Charles T. Munger

In this year’s annual letter to Berkshire Hathaway shareholders, Warren Buffett wrote a…

Tuesday, October 31, 2023

The Super Bowl Ticket Effect and the Fed Threading the Needle

The Super Bowl Ticket Effect and the Fed Threading the Needle

In 1967 you could buy a ticket to the Super Bowl for $10. In inflation-adjusted terms,…

Wednesday, April 14, 2021

What Really Causes Inflation?

What Really Causes Inflation?

On April 2nd, 1863, several hundred women in Richmond, Virginia marched to the governor’s…

Tuesday, January 19, 2021

Party Like It's 1945!

Party Like It's 1945!

Whenever I think about the effect on the economy of a COVID-19 vaccine with 95% efficacy, I…

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