Travel and tourism took a big hit during Covid. The industry worldwide has been struggling ever since. The political climate in Washington is not helping. Our president’s choice words for other countries and their leaders has probably made tourists everywhere more wary of travelling to the U.S. So, what’s the future hold? As with most […]
News & Insights
Crypto is mainstream, but is it investable?…
From decentralized utopia to meme coins and manias, fraud and crashes, and political grift, crypto has come a long way from its genesis. And yet, it endures. In fact, it’s back on top of the world, with Bitcoin near its all-time high versus the U.S. dollar. For our part, while the use cases of the […]
When does an implicit guarantee become explicit?…
With tariff chaos and geopolitics dominating headlines, you would be forgiven for missing the news around Fannie Mae and Freddie Mac. In fact, you’d be forgiven for recognizing the names but not knowing what (who?) they are and what they actually do. We’ll get to that, but the story is that the Trump Administration is […]
Turn the page…
Many investors try to get to Omaha once a year, or at least once in a lifetime, to see Warren Buffett at the Berkshire Hathaway annual meeting. At 94, Buffett still is viewed as one of the greatest investors of all time, and still, he stays on stage for hours spouting truths so simple you […]
Where do we go from here?…
The world’s current struggles with waste are not new. Many of us first became aware of the problem in the 1980s as recycling programs across the country gained steam. Since then, a steady stream of regulations at both the domestic and international levels have done little to stem the tidal wave of waste. Is there […]
Our evolving E-waste problem…
Electronic waste, or “E-waste,” is the byproduct of our ever-increasing appetite for electronics, including smartphones, tablets, laptops/desktop PCs, e-cigarettes, small and large household/kitchen appliances, and flat televisions. We not only own more of these devices than ever before, but have come to view many of them as disposable after a few years of use. The […]
A life of plastic…
The creation and commercialization of plastic may be one of the crowning achievements of the twentieth century. It may also end up being one of the most harmful to humanity and the earth. For better, and certainly for worse, disposable plastic products are perhaps synonymous with a stereotype of America, like fast food and baseball. […]
Wasting away…
The weekly pilgrimage down the driveway with garbage and recycling in tow is a common rhythm of domestic life. The conscientious among us take the additional time to rinse and sort. Many of us have two bins, and may have seen those “sorted” bins end up in the same truck! So what really happens next […]
Rethinking money’s true purpose…
There are plenty of books out there trying to explain why we’re not great with money. Most of them walk you through a checklist of behavioral traps, pointing fingers at our irrational brains and poor decision-making. While those lessons still matter—and it’s still amazing how quickly we forget them when faced with short-term market disturbances—Meir […]
Lessons from Hetty Green, the Queen of Wall Street…
We think the world is a wild place to be an investor right now. What about during the turn of the 20th century? Back then, panics and crashes were a feature of the market, occurring in 1873, 1884, 1893, 1896, 1901, 1907, and 1914. The average loss in U.S. stock market value during those times […]
“Liberation Day” – Globalization in the crosshairs…
When I started in the investment business back in the early 1970s, global investing meant looking at a few markets in Europe (mostly London), the Asian market, but limited to Japan, and for the truly adventurous, buying a few British trading firms in the infant Hong Kong market. Today, there are thriving financial markets everywhere […]
What do we do when we really don’t know what to do?…
“April is the cruellest month…” When T.S.Eliot wrote those words in “The Waste Land”, I’m not sure he had our current calamity in mind, but it feels appropriate given the wild ride that has been April 2025. Trump’s shock to financial markets arrived with showman’s pageantry, complete with Greek symbols, props, and “math” equations. But […]