Berkshire Is a Good Insurance Operator, but a Bad Role Model
While we don't dispute the value Berkshire Hathaway has created through its insurance operations, we think investors draw two incorrect conclusions...
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Keynesian Brain Twister: What Happens When We Get Inflation & Negative Rates?
Short answer: We get more Larry Summers editorials.Long answer…Larry Summers, a key accidental architect of Wall Street’s GFC of 2008-09 and...
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Egypt on the brink
In the wake of what looks to be the second most deadly terror attack since 9/11 (the first being the horror that was Beslan), we look at the local...
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A Kurdish conundrum & Egypt faces the ghosts of Algeria
Below are some thoughts on the current situation in Turkey re: the Kurdish flare up, the likely outcome of which will be an AKP majority...
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Who's Afraid of Deflation?
Concerns about deflation - the phenomenon of falling prices of goods and services - in the wake of the financial crisis, have provided the...
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