A useful way to approach a problem is to start at the extremes. When Oaktree Capital’s Howard Marks was asked about the potential inflationary effects of America’s $1,200 stimulus checks, he proposed a thought experiment: What if the government gave every American one million dollars? Would there be inflation? Seems like a silly question at …
2020 has been a wild one, and we’re still in the first half. A pandemic. Public life shuttered. Stock market volatility. Rising unemployment. Social unrest. Presidential impeachment. Kobe. As Lenin said, “There are decades where nothing happens; and there are weeks where decades happen.” Does anyone even remember that we have a presidential election coming …
Every year, China celebrates the Dragon Boat Festival on the fifth day of the fifth month of the traditional Chinese calendar. For 2020, that’s June 25th – today! Originally a cultural holiday, it was accorded public holiday status in 2008. The story best known in modern China holds that the festival commemorates the death of …
In last week’s newsletter, I mentioned that today is both the beginning of a new week as well as a new month, suggesting that it would be a good opportunity to start a new habit or project. Thinking about potential habits and projects led me to wonder what I could do to make June 2020 …