““The two most powerful warriors are patience and time.” Leo Tolstoy As we move deeper into the fall and approach year-end, it may be worth pausing for a moment to look back. Politically and economically, this has been a year full of upheaval and surprises. Can a glance in the rearview mirror offer us clues about what lies ahead?   One thing strikes us immediately. Back in May, we speculated that Trump’s unpredictable tariffs-based economic policy risked upending preexisting

“Outside of its legitimate function, government does nothing as well or economically as the private sector.” Former U.S. President Ronald Reagan Last month, business leaders gathered at Yale’s biannual CEO Caucus, a closed-door forum designed to elicit candid discussion on policy and the economy. There, the Yale School of Management surveyed dozens of CEOs on the current administration’s approach to tariffs, monetary policy, and other matters. The results were striking to us

“Greed is a bandage which a higher power sometimes binds across the eyes of reason . ” American journalist and author Edwin Lefevre What...

It’s been just over four months since Trump’s April 2 “Liberation Day” tariff announcements, and many observers have been surprised by...

“ Microeconomics is what you do, macroeconomics is what you put up with. ” Charlie Munger, former vice chairman of Berkshire Hathaway...

“ Tell me who your heroes are, and I'll tell you who you’ll turn out to be. ” Warren Buffett, Chairman and CEO of Berkshire Hathaway We...

“ In the United States we should be looking to trade with the rest of the world, and we should do what we do best and they should do what...

“So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of...

“The secret to successful investing is relatively simple: figure out the value of something and then pay a lot less.” Joel Greenblatt...

Enjoy my Best Ideas 2025 Conference appearance with John Mihaljevic, CFA and Chairman of MOI Global. Listen now >