Newsletters2025-01-04T07:54:08-05:00

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Time and Space

December 13, 2022 | We use money every day in various forms, from cash payments to swiping our credit and debit cards to venmoing friends, or perhaps in saving for the future with money market funds, gold, or, more controversially, Bitcoin.

Fusion Energy

December 12, 2022 | As financial markets adjust to rising interest rates this year, some pockets of the financial system are more impacted than others.

Art Of Subtraction

December 11, 2022 | The art of subtraction is incalculably important, particularly in an age of information overload when our minds can so easily become scattered...

Sugar, Money, and Dirt

December 09, 2022 | When asked what his circle of competence is, Gayner likes to say, "Sugar, money, and dirt." The sugar component includes businesses that produce food, candy, chocolate, and alcohol. Products that human beings love and use regularly.

Cash Pile

December 08, 2022 | The finance industry has structurally changed over the past few decades with a major tilt towards democratization. Today, we'd like to focus on so-called "passive investing."

Money Laundering

December 07, 2022 | There's only one man besides Warren Buffett that Charlie Munger trusts with investing his capital. That gentleman is Li Lu.

Surviving Winter

December 06, 2022 | At a "Carbonomics" conference in London last week, senior leaders across Goldman Sachs shared their perspectives on how Europe's energy crisis is unfolding.

Is China The Next Japan

December 05, 2022 | In recent years, paranoia has increased dramatically over whether the U.S. will cede its position as the world's top economy and military power to China.

First Things First

December 03, 2022 | At our company, we call this "opportunity cost," and we address it in our corporate values. It's actually our number one value: "Doing first things first."

It Isn’t Just Big Tech

March 12, 2024 | Against popular belief, this market isn’t just about a few wonderful mega-cap companies. A broad group of companies has fueled the recent climb to record highs, even as monster companies like Apple and Tesla have sunk this year.

Place Your Bets

March 11, 2024 | You can bet on almost anything in markets if you're clever enough. Typically, people think of this in two basic ways — you can bet on stocks, bonds, gold, bitcoin, etc., to go higher or lower in price.

The Sound of Music

March 10, 2024 | Thanks to AI, the music world has been democratized like never before. But it also reignited debates around originality, artistry, and intellectual property.

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