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 ...

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.

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

Many moving parts are pulling in opposite directions. This discussion highlights some big ones.

Canada’s unemployment rate rose to 6.9% in December, now up 210 basis points (bps) from the 4.8% low in June 2022 (below in ...

Asset bubbles create unproductive debt and uneconomic pricing, which magnifies financial trauma as prices reverse. Most ...

Eventually in every business cycle, investors get what they deserve, in both directions. Have a plan and enjoy the ride! h/t @KobeissiLetter ...