When Banks Try to Be ETF Hosts, the Margins Usually Win
The most important development is not that banks are stepping back. It is who is stepping forward.
Why Most Family Offices Should Fail (And How to Build the Rare Exception)
Why Most Family Offices Should Fail (And How to Build the Rare Exception) “Adversity is sometimes hard upon a man, but for one man who can stand prosperity, there are a hundred that will stand adversity“ Thomas Carlyle, Scottish historian and philosopher (1795-1881) Unfinished portrait of Thomas Carlyle by John Everett Millais (1877). Source: National
Greenland: A Controlled Experiment in Collapse
Twenty years ago I read Jared Diamond’s Collapse. The story of Norse Greenland still matters because it shows how societies rarely fail suddenly. They fail slowly, through reasonable decisions that no longer fit a changing world.
Is Trump Governing Like a Socialist?
Comparisons between Trump and Bernie Sanders are increasingly common. This piece steps away from rhetoric and examines specific executive actions to assess whether recent economic policy relies more on administrative direction than on market pricing and private decision making.