The availability of affordable insurance has shaped capital allocation decisions and enabled complacency about property ownership and risk exposure. A world where insurance is prohibitively expensive ...

While the U.S. Federal Reserve cut overnight rates by 125 basis points since November 2023 (below on the lower right), the ...

There are many moving parts in the world today, and many unforeseeable things can happen. However, investment loss cycles are ...

History offers valuable perspective on human systems and cycles. Political leadership is easy to criticize and hard to do. Pendulums swing, and so it goes.