The world lost an intellectual and investing giant with the passing of Charlie Munger. He was due to turn 100 on January 1st. He passed away rather quietly and surprisingly for someone with such a large personality and admittedly big mouth.
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Blog Archives
A Hackney Diamond at 80
I remember reading the 20th-anniversary edition of Rolling Stone magazine in 1987. There were numerous interviews with some of the greats of rock and roll who had been performing for most, if not all, of those 20 years. The one common theme I picked up was that when they started playing music and getting paid for it,
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London Calling with a Little Amsterdam Thrown in
Last week, I made my annual pilgrimage to London to meet with some of our insurance carriers and prospective ones as well. We have approximately 15 different companies providing us with different layers of coverage. We have a primary layer that covers first losses after deductibles and then secondary/excess layers.
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Neighborhood Bully
Last week was extremely busy, and this week, I’m in Europe for meetings in London related to our property insurance. Given that time is limited but the subject is important, I thought that the most expedient way to convey my points about the Middle East would be to use the words of someone far more prophetic and insightful than myself.
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Bill Walton - The Epitome of Perseverance
I recently finished Bill Walton’s autobiography and thoroughly enjoyed it. Talk about someone who has had a zest for life and embodies perseverance. That is one of the great benefits I get out of reading about other people’s lives.
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Our Tennis Paradise: A New Chapter
Five years ago this week, my late wife Roneet passed away. Since that time, I have written a lot about her and my journey since she left us. From death and despair can also come renewal if we make a concerted effort to grow and evolve and take those who we lost with us deep in our hearts on the next phase of our journey.
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A Spherical Experience
Last week, I waded into the dangerous waters of discussing the war between Israel and Hamas. It’s really between Israel and Iran, but the latter is using its proxies of Hamas, Hezbollah, Houthis, and militias in Iraq and Syria to do its dirty work.
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The Obstacles to Human Flourishing
I am going to share my thoughts about what has been happening in Israel and Gaza, but before doing so, I am going to approach it from a very different angle initially, and then I will apply it to the situation at hand.
The Virtues of Fossil Fuel
I am reading a fascinating book called Fossil Future: Why Global Human Flourishing Requires More Oil,
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Dude, Where's My Recession? Only Time Will Tell
I was definitely in the camp that once the yield curve inverted, we were headed for a recession within a year or so. The spread between the 10-year Treasury and 2-year Treasury yields went negative (inverted) in early July 2022.
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More Ackman: We Aren't in Kansas Anymore
I have written continuously over the last year or so about critical yields for the 10 and 2-year Treasuries such that if they were breached, the probability of them going higher would be quite elevated.
Looking at the following 10-year Treasury chart,
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