Newsletters
“The most important things never change—they just get ignored because they seem too simple.” — Morgan Housel, Same As Ever
The old joke that “economists exist to make weathermen look good” may feel especially relevant today. So far, 2025 has proven just how unpredictable the near-term outlook can be.
Six minutes: that’s the time the median individual investor spends researching a stock before purchasing it online, according to a recent Wall Street Journal article.
In 1896, Washington, DC banned the introduction of cars because they threatened the livelihoods of horses. As The Washington Post reported: “The horse’s occupation, so largely taken away by reason of the use of bicycles, shall not further be displaced by horseless carriage.”
