One simple definition of risk is that it’s the “possibility of loss or injury.” And that’s generally how most of us think about it — it’s a bad thing that needs to be managed, minimized, and sometimes avoided all together. While true, this recent memo… Read More
I admire Warren Buffet’s humility: In the physical world, great buildings are linked to their architect while those who had poured the concrete or installed the windows are soon forgotten. Berkshire has become a great company. Though I have long been in charge of the… Read More
Yesterday we looked in the rear-view mirror. Today we’re looking forward: And there you have it. My current thoughts for this upcoming year. I should note that I’m not an economist, analyst, or an expert on souvlaki demand for that matter. But I enjoy writing… Read More
As per tradition around here, I like to bookend the new year with two posts: a post that revisits my random predictions for the year and a post that talks about what might happen in the year to follow. Today’s post is the former. So let’s… Read More
BlogTO recently asked: Is it a good time or a bad time to buy a condo in Toronto right now? My unsolicited opinion is that if you are someone who would like a home in Toronto, now is an excellent time to buy it. But… Read More
If you’re looking for a rough overview of how US business income taxation works — and who isn’t really — this is an interesting article by Matt Levine. He has a knack for making this stuff a lot more interesting. The real purpose of the… Read More
There is no such thing as an investment with absolutely zero risk. But you can get pretty close to zero-risk with things like US Treasuries and other government bonds, which is why when people think of the “risk-free rate of return” they usually think of… Read More
One generally accepted investing adage is that you “make money on the buy”. Meaning, what you pay for an asset will largely determine your fate. Price matters a lot. Some/many would even argue that it’s the single most important thing when it comes to investing.… Read More
Last year, the formerly Chicago-based hedge fund Citadel announced that it would be moving its global headquarters to Miami. (Though to be clear, the company still has an office in Chicago.) Today, the Miami housing market is feeling the effects: “They’ve been buying here aggressively,”… Read More
Summit County Council is holding a special meeting this week to vote on the acquisition of an 8,576-acre property next to Jeremy Ranch and around the corner from Parkview Mountain House. The County Manager has recommended approval of the deal and these are the terms:… Read More
BRANDON DONNELLY 