Buffett’s Lucky Bet
Pilotless planes will routinely fly passengers by 2030. Machine intelligence will have passed the "Turing Test" by 2029. These are two examples of Long Bets sited in...
Pilotless planes will routinely fly passengers by 2030. Machine intelligence will have passed the "Turing Test" by 2029. These are two examples of Long Bets sited in...
In our mid-year letter to investors, we explained that weird stuff happens when rates fall below zero. The bottom line, while difficult to...
The bulls are quick to cite a dozen or so reasons why the ratio of Market Capitalization to GDP is not an effective valuation...
In a recent presentation, available here, we included a slide displaying the gap between actual and trend earnings per share. We concluded that...
Emerging market equities, now trading at a discount to slower growing western markets, are beginning to look attractive by some measures (blue line...
Markets are said to climb a wall of worry and investors have had plenty to worry about recently. With China's first domestic corporate...
I feel (a little) bad for picking on Bob yesterday. I'm sure I'll get past it and I doubt the folks at Nuveen...
We recently came across an interview Jon Shayne did with Forbes back in October. Although we have not yet met his acquaintance, Mr....