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Early in his career Andrew Carnegie took a train to deliver a bundle of payroll checks to his crew.

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What We’re Reading

California growth…

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What We’re Reading

Learning…

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Getting the Goalpost to Stop Moving

There aren’t many iron laws of money.

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What We’re Reading

Covid aftermath…

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What We’re Reading

Noise…

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Failure…

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Play Your Own Game

Michael Jordan said he had to reconstruct his body when he went from basketball to baseball back to basketball.

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What We’re Reading

Homes…

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The Limits of Investing Sanity

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What We’re Reading

Superpowers…

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The Spectrum of Optimism and Pessimism

At one end you have the pure optimist.

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What We’re Reading

Lifespan…

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What We’re Reading

Confidence…

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The Big Lessons of the Last Year

History is one damned thing after another.

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What We’re Reading

Auto inventory…

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Five Investing Powers

Rare and helpful…

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What We’re Reading

Getting rid of SAT requirements…

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Too Much, Too Soon, Too Fast

Some things scale well. Double their size and you get double the output (or more).

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Investing: The Greatest Show On Earth

Let me share two quick stories that have nothing to do with investing.

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The Fed Isn’t Printing As Much Money As You Think

The risk of rising inflation over the next few years is probably the highest it’s been in decades.

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What We’re Reading

Valuations…

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What We’re Reading

Demographics…

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