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....
