Sometimes it is vital to widen our perspective from the day-to-day trek through the trees of investing decisions and market data to take in the entire landscape. This morning, I take a couple of minutes to do that. Let’s look at the big picture.
(Note: Captions are automatically generated and subject to error. The French impressionist artist I mentioned at the beginning is Camille Bombois.)
I’m sending this note while at the annual Camp Kotok gathering in Maine. It has been quite a week.
Even as wide swathes of American life have fallen victim to culture wars, higher education was seen as immune. Until now.
Chris Whalen and I talked at some length recently about what US credit default swaps denominated in the euro can tell us about default risk and whether it’s a good idea now to hold some gold.
Companies the size of SpaceX or Nvidia can move entire indices. What are the practical and psychological implications of enormous scale for investors?
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