Category: Markets, Rationality & Decision Making

Why does the SEC want this? Who really wants it? “Only 4 hours of work” is BS. Another reason to run concentrated portfolios.

Private market assets under management totalled $13.1tn on June 30 last year, having grown at nearly 20 per cent a year since 2018. Most of

It is no secret that the Russell 2000 contains some crappy companies – some 40% of the R2000 constituents are unprofitable. This is a common

“I am open to the idea that the market is getting less efficient and that this has something to do with indexing. But if so,

I have clocked a lot of Smil on different topics. Thoughtful and obvious math on the carbon world. This is not political, it’s reality.

We do keep an eye out on all things roaming around the world, although a lot of them don’t turn up in portfolios. That said,

We will credit the Financial Times for this tidbit. Let’s assume a Chairman with a Forbes estimate of net worth north of $4 billion works

Except from IAC’s Q4 earnings call:

Yes, I broke my “Don’t do Podcast” rule from the enlightened height of our own self-interest. And it’s a classic example of the world in

Last week the US Securities and Exchange Commission issued final rules for special purpose acquisition companies (Spacs). IN 2024! Final Rule Special Purpose Acquisition Companies,

Buffett was basically saying to Wall Street firms: “Even if you hire 100 brilliant Ph.D.s to run your models, no sensible estimate will emerge.” These