Jim Grant:  Perspective on US Fiscal Position

Jim Grant: Perspective on US Fiscal Position

Written by James Grant, Grant’s Interest Rate Observer America’s deteriorating public credit is the cold-button issue of the 2018 midterms. With rare bipartisanship, Democrats and Republicans compete to pretend that the country isn’t going broke. In 1992, the...
Wlliam Deresiewicz’s Solitude and Leadership Addr

Wlliam Deresiewicz’s Solitude and Leadership Addr

The lecture below was delivered to the plebe class at the United States Military Academy at West Point in October 2009. My title must seem like a contradiction. What can solitude have to do with leadership? Solitude means being alone, and leadership necessitates the...
Howard Marks:  Memos

Howard Marks: Memos

Since 1990, Oaktree Capital’s Howard Marks has been routinely publishing memos to memorialize lessons he has learned, insights he has had, and effects of current events on the markets. His memos provide unique clarity into the world around us as it relates to...