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Investors should think about markets as if they were spectators watching players at a poker table. Some will win, some will lose, but the net takeaway for the table is zero. Jeremy Grantham of GMO...

My Two-for-Tuesday morning train reads: • ‘I don’t feel like I’m doing something wrong’: Yuppies have discovered pot — and they like it (Washington Post) • How Subscriptions Are Remaking...

This is fascinating: Consider this: from 1968 to 2008, a span of 40 years, there was only one year in which fewer new housing units were built than in 2017 (Exhibit 1)—and this despite rising...

By early noon, May's...

Donald Trump Owns This Stock Market It wasn’t smart to dump a dovish Fed chief, run up the deficit, and start a trade war. Trump did all three. Bloomberg, December 10, 2018         For those of...

    The transcript from this week’s MIB: Jeremy Grantham, GMO, is below. You can stream/download the full conversation, including the podcast extras on iTunes, Bloomberg, Overcast, and Stitcher....

Don’t Like Trump? Your Financial Analysis Might Be Biased Partisanship should have no place in a corporate-credit rating. A new study says it does. Bloomberg, December 3, 2018       The dangers of...

My back-to-work morning train reads: • Bogle: RIAs Are the Future; Trading Is Investors’ Enemy (ThinkAdvisor) • Lessons From the Bernie Madoff Fraud, 10 Years Later (Barron’s) see also Madoff’s...

This is quite astonishing: A decade after Bernard Madoff was arrested for running the world’s biggest Ponzi scheme, the bitter fight to recoup investors’ lost billions has astounded experts and...

“How To get to Mars” is a clip from the IMAX documentary “Roving Mars” from 2006. This is an edited short version. Thanks, Norm!

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Yellow vest protesters demand lower taxes, higher minimum wages and better...

My easy like Sunday morning reads: • When Are Holiday Sales Too Good to Be True? (Consumer Reports) • Memo from a ‘Facebook nation’ to Mark Zuckerberg: You moved fast and broke our country....