“2018 was the first that a 60-40 portfolio,” the sort of cheap and simple portfolio an average investor like you might have, “outpaced all Ivy [League] endowments in terms of 10-year performance.” All of Harvard’s brilliant investment managers are a mathematically certified waste of space.
Earlier this week, Bloomberg ran a quirky business story about a losing investment by Harvard’s endowment fund.…
U.S. stocks are near all-time highs while the OECD predicts the weakest growth in a decade and financial officers expect a recession next year and one of the world’s top investors has “sounded the alarm about the state of the world’s economy.” DON’T worry—stress is the real killer.
The future of the “gig economy” is on the table in California, where the legislature is considering a bill that…
Is a recession coming? The very nature of time assures us that, yes, sooner or later, a recession—like all…
Forty years ago today, BusinessWeek ran a famous cover story declaring “The Death of Equities.” Since then, equities have risen by 7,000%. That’s “kind of embarrassing,” the magazine admits. Points for honesty.
Uber, a machine for using investment money to artificially subsidize car rides, lost more than $5 billion last quarter. Heh. It’s gonna crash and burn before it destroys public transportation after all! Calling it now. Invest in buses.
You probably didn’t pay much attention to Monday’s 767-point drop in the stock market, because you were thinking…
New research shows that being bought by private equity firms raises a large public company’s probability of bankruptcy by 1000%. Best of luck to our friends at Univision.
Here is what we talk about in the “political” world: blah blah Trump, blah blah Pelosi, blah blah terrifying slide…
The issue of minimum wage is not as simple as you, a moron, saying “I would like to be paid more money.” It is about …
Harvard University is investing money in an outside firm that funds promising lawsuits, then takes a cut of the…
Amazon’s “HQ2" debacle—a high-profile nationwide shakedown of state and local governments by a fabulously wealthy…
Thanks to persistent low unemployment, labor’s share of income, which has been declining for decades due to capital’s victorious class war, could finally be set to rise—“and that could spell trouble for corporate profit margins and the share prices that are ultimately dependent on them.” GOOD.
Yes, we must tax the rich. Yes, we must wrest political power from the rich so that they don’t have it all. But if…
This Wall Street Journal story about the gilded underworld of “site selectors,” the consultants who help corporations milk state and local governments for subsidies, is an excellent demonstration of why the entire practice should be illegal.
A leaked copy of the AFL-CIO’s internal budget for 2018–2019 shows that America’s largest organized labor…
We all know, in a theoretical way, that climate change is going to turn the state of Florida into a narrow peninsula…
Donald Trump, an incompetent buffoon, is basing his reelection campaign in large part on the strength of the U.S.…
Private equity is in the news! Private equity is in your workplace. Private equity is in your pocket, taking money…
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