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Much has been written about Warren Buffett having sold a substantial amount of stocks. And his company, Berkshire Hathaway, is sitting on a record $325 billion cash pile as a result. Buffett has often said that his preferred holding period for an investment is “forever”. So the fact that he has sold so
It was early January 2020, and weird things were happening in the world. Socialism was on the march in the Land of the Free. Conflict, it seemed, was exploding everywhere, both abroad (North Korea, Iran, Yemen) and at home. And most notably, over in China, the Communist government was literally welding people into
The blood isn’t even dry on the corpse of Kamala’s billion dollar presidential campaign, and the opportunists in her party are already shamelessly jockeying for power. California Governor Gavin Newsom has just called a “special legislative session,” to “Trump-proof” his state and “safeguard California values”. Naturally we’re left wondering, what exactly are those
Well, inflation is up again. You’re probably not surprised, and neither are we. Over the past few months, in fact, we’ve repeated again and again that inflation will keep rising, and even identified some strange reasons why. Remember back during the early days of the pandemic when used car prices went through the
“Wow, these guys are going to be in for a rude wakening about how much power is going to be available. . .” thought Joe Dominguez, CEO of Constellation Energy. Dominguez was one of the attendees last May at a private, invitation-only gathering of energy and tech company CEOs held at Microsoft’s headquarters.
I hate to say it—and I’m sure a lot of you agree—but it’s great to see the right people so upset. The post-election histrionics have been amusing, to say the least. And a great deal of ink has already been spilled discussing the crushing defeat of the big propaganda machine. It’s true, though:
It started with the Antonine Plague in the late 160s AD, most likely a really bad smallpox epidemic that killed 8 million people across the Roman Empire. Then came the barbarian invasions… a tidal wave of migrants pouring across Rome’s northern border and plundering the countryside. The Roman government also bizarrely spent a
At around 4 a.m. on March 28, 1979, the quiet hum of machinery at the Three Mile Island nuclear plant in Pennsylvania was shattered by a cascade of alarms and error alerts. It started with a relatively minor issue— a cooling pump malfunctioned, triggering an automatic shutdown of the reactor. But it quickly
In the pantheon of human ingenuity, the development of iron and steel ranks up there with the discovery of fire and the invention of the wheel. In fact, the advancement of human civilization would have been nearly impossible without iron—and the steel that it becomes. Metallurgy (and agriculture) are ultimately what brought our
The year was 1991. The shoulder pad fashion craze of the 1980s was finally coming to an end, and Kurt Cobain’s “grunge” look was in. The Silence of the Lambs hit the theaters and swept the Academy Awards that season (with a nice chianti and some fava beans)— Best Actor, Best Actress, Best
Apart from weathermen, no one besides government bureaucrats can be so wrong, so often, yet still keep their jobs. No one was ever fired for telling Americans that COVID lockdowns would last just “two weeks, to stop the spread” and “flatten the curve”. If we’re being generous and call that a ‘miscalculation’, they
In the aftermath of World War II, with Europe devastated and Japan in ruins after two atomic bombs, the world faced the monumental task of rebuilding the global economy. It had already been decided at the 1944 Bretton Woods Conference that America and the US dollar would dominate the new international financial system.
There’s a really dirty four-letter word that starts with a “C”. No, not that one. This is a word you simply cannot say around Greta Thunberg, otherwise her ears will melt off of her face. I’m talking about coal. And it’s about to have its moment. One reason is that global population grows
The corpse of King Louis XV was still warm when his son and successor, 19-year old Louis XVI, started cleaning the royal house. French finances were an absolute mess. The country was almost hopelessly bankrupt after decades and decades of costly warfare… and even more costly royal luxury. The young king’s predecessors, Lous
It’s very hard to overstate just how obliterated the global economy was following World War II. Europe was in ruins, with many major cities having been bombed back into the Stone Age. Japan had literally been nuked. And just about every economy around the world that still had any manufacturing capacity was pumping
