Ideas

The current oversupply of real estate is different from past cyclical excesses. The present situation is a result of commoditization of real estate. Real estate investment rather than… Read More

Farrell spent decades as the head of market strategy at Merrill Lynch and gain universal respect and admiration his insights and market wisdom have stood the test of time… Read More

As we reflect on former Secretary of State Colin Powell’s legacy, we are reminded of his thirteen rules of leadership which have guided so many of our colleagues and principals… Read More

Before I published The Innovator’s Dilemma, I got a call from Andrew Grove, then the chairman of Intel. He had read one of my early papers about disruptive technology, and he asked if I could talk to… Read More

When I joined Best Buy BBY -0.25% on September 4, 2012, the mood was grim. The previous CEO had been fired, embroiled in a scandal, and the share price was plummeting… Read More

Dec. 13 marks my turning 100 years young. I’ve learned much over that time, but looking back, I’m struck that there is one lesson I learned early and then relearned over and over: Trust is the coin… Read More

If you can keep your head when all about you, are losing theirs and blaming it on you, if you can trust yourself when all men doubt you, but make allowance for their doubting too; if you can wait and not be tired by waiting, or being lied about, don’t deal in lies, or being hated, don’t give way to hating… Read More

Written by Marc Andreessen Every Western institution was unprepared for the coronavirus pandemic, despite many prior warnings. This monumental failure of institutional effectiveness will reverberate for the rest of the decade, but it’s not too early to ask why, and what we need to do about it. Many of us would like to pin the … Read More

Running A Successful Company: Ten Rules That Worked for Me From Sam Walton, Made in America, June 1992 This isn’t the first time that I’ve been asked to come up with a list of rules for success, but it is the first time… Read More

Written by Lori Johnston (ABJ ’95 UGA) and Jeremy Bales (AB, ABJ ’01 UGA) and published in the December 2014 issue of GEORGIA MAGAZINE The Statue of Liberty looms in the distance through the floor-to-ceiling windows on the 27th floor of Citi’s Greenwich Street…Read More

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 third-party presidential candidate… Read More

To my son, if I ever have one: Kid, I am writing this on Sept. 3, 1984. I have just returned from Athens, where I spent Saturday watching the University of Georgia, your old dad’s alma mater, play football against Clemson. While the events of the day were still fresh on my mind, I wanted … Read More

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… Read More

Our current policy is to invest all of our retained investor’s capital (and then some) when we think we can achieve our targeted hurdle rates… Read More

Since 1977, Berkshire Hathaway’s annual shareholders are candid and insightful glimpses into how the company sees the world and in turn makes investments… Read More

By Fernando del Pino December 2015 When I was kindly invited by our founder to make a presentation in our first meeting, I thought it would be interesting to bring out some… Read More

Written by Peggy Noonan What do I think about when I think about that day? The firemen who climbed “the stairway to Heaven” with 50, 60 pounds of gear. The people who called from Windows on the World and said: “I just want you to know I love you.” The men on the plane who … Read More

TOLSTOI HOLDS LINCOLN WORLD’S GREATEST HERO. Bigger Than His Country. Bigger Than All the Presidents Together: a Christ in Miniature. STILL TOO NEAR TO APPRECIATE HIS POWER. Great Russian Tells…Read More

By Morten T. Hansen Most Americans work impossibly hard. We put in long hours and maximum effort, but better performance often eludes us. I’m no exception. I remember being in my 20s and landing my dream job as a management consultant… Read More

My 19 year old son Zach just finished his first summer internship. Back in May, a few days before he started his internship, I sent him this email…Zach, as you begin your first serious internship, I wanted to share… Read More