Canova’s sculptures look like priceless works of art. They also reveal an older financial trick…
Before Charlie Munger made billions, he figured out how to keep American pilots from getting killed. His secret? Start with everything that could go wrong.
My father drove a truck for 40 years. He never called himself working class. He knew perfectly well what he did for a living. He just refused to believe it determined what his son would do. John Steinbeck understood that distinction. The internet has spent the last 20 years getting it backward.
There's a wonderful feature of American justice that only really rich people get to enjoy. Break the law badly enough, at a big enough institution, and the government sends your shareholders the bill.
My wife once spent $2,300 to tell me something she could have said for free.
Being sensible ought to count for something. Forgo the flashy car. Put a little away. Build a future before you finance a lifestyle. But when the reckless borrower keeps overtaking the careful saver, earnestness begins to feel like an expensive hobby. Eventually, even sensible people start asking whether they’re playing the wrong game.
Heraclius brought the True Cross home, crushed Persia, and saved the Eastern Roman Empire. Eight years later, he watched his victory come apart.
Washington has discovered a marvelous new parliamentary device. When the votes get uncomfortable, don’t whip them. Don’t negotiate them. Don’t even defeat them. Just send everybody home.
Ludwig von Mises conceded that force could stop a crisis in the moment. Then he explained why the cure eventually becomes another disease.
Your parents had a 92% chance of outearning theirs. Today’s children face something close to a coin flip. Here’s who put a thumb on the scale...
Jeff Bezos built Amazon by selling books. Thirty-two years later, his company is buying old ones by the thousand, chopping off their spines, scanning their pages, and throwing what remains in the trash.
Open your brokerage account and look at your portfolio. Legally speaking, almost none of those shares are actually yours.
This is how drones, AI and mass production are reshaping modern warfare and why the factories and supply chains behind them may matter most.
A pope divided the New World with a pen. A Spanish friar explained why the ink meant nothing. Five centuries later, the same brutal rule governs nations, bank accounts, and everything you think you own.
