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For most investors, 2022 was not a good year. Seemingly, week after week, the stock market was down.1 And to make matters worse, we endured the worst bond market in about 50 years. Meanwhile, the value of people’s portfolios was also being eroded by record inflation. These conditions had many investors wondering if there was

There’s an old business school joke about an entrepreneur who prices his widgets at half the cost of making them. “It’s true I’m losing money on every sale,” he explains, “But I’ll make up for it in volume.” Over the past decade this has seemingly been the business model of a host of tech-enabled companies.

It’s always fun to look through an old newspaper, especially if it was printed more than 50 years ago. On the front page under bold headlines you can read about the biggest concerns of that day. It’s interesting to note how many urgent problems of that era are even thought about today. But even more

Many people have the misconception that the primary goal of investing is to make as much money as you can as fast as you can. Unfortunately, you can’t just order up outsized returns like a delivery pizza. You have to pay for your chance at them with concentrated risk. The bigger the potential payout, the

In Homer’s Odyssey, the hero Odysseus is trying to get back home with his ship intact. At one point in their journey, he and his crewmen must pass near the rocks of the sirens. These are creatures with the bodies of birds and heads of women who sing magically enticing songs that cause men on passing

It seems like all the pharmaceutical ads on TV (or wherever you stream your content) follow the same formula. They say a few words about an illness or condition, then they show ordinary people enjoying the kinds of wonderful activities that make us all jealous on social media: Driving a vintage convertible along the coast,