On the long bets website, Warren Buffet has wagered $1 million against Protege Partners, LLC saying that their mutual funds and hedge funds are a bad investment that won’t outperform the S&P 500. The exact bet is:
“Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S&P 500 [...]
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Look at the skyline of any major city and play the ‘who owns the tallest buildings game’. Almost always it’s insurance companies. These buildings are like the resort casinos in Las Vegas: they are evidence that, on average, people don’t win. I don’t go so far as Ned Flanders (who doesn’t insure [...]
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Barbara Dafoe Whitehead of the American Interest has written an excellent article entitled: A Nation in Debt: How we killed thrift, enthroned loan sharks and undermined American prosperity. More than the usual panic about the amount of debt in the US, the article covers how the old American ideals of saving and thrift fell [...]
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The world recently crossed a demographic threshold: as of mid 2008 more than 50% of the world’s population lives cities. Despite the Malthusian predictions of the 70s, the population of industrialized nations is decreasing — and the cities are the cause. Cities act as population sinkholes for one simple reason: babies are expensive.
In [...]
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