February 23, 2024 - Quote of the Day
“If the yen goes to ¥150, what does Toyota do to Ford,” said Barry Sternlicht, CEO of the private equity firm, Starwood Capital.
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“If the yen goes to ¥150, what does Toyota do to Ford,” said Barry Sternlicht, CEO of the private equity firm, Starwood Capital.
With the price of Texas tea barely scratching $78 a barrel today it is time to revisit the doomed future of this ancient energy source. With energy stocks now trading like they’re having a going out of business sale, you have to wonder if the sector will ever come back. The short answer is short-term
When asked about the urban legend that the vaults at Fort Knox are empty and that the Fed has no gold, former Federal Reserve Chairman Ben Bernanke responded, "I've been to the basement of the New York Fed. The gold is there. I've seen it."
Not a day goes by without me hearing from a reader about the competition. They previously subscribed to a newsletter that promised a top-drawer education, insider’s insights, and spectacular returns, sometimes 100% or more a month. “Doubled in a day” is a frequently heard term. The entry-level costs are only a few bucks, but they
“You make the most money when things go from terrible to only bad,” said Tim Seymour of emerging market hedge fund, Triogem Asset Management.
"There is tremendous amounts of money sitting on the sidelines. There is enormous M&A activity. The greatest thinkers in the corporate world are saying that it is cheaper to buy than to build. This says to me that the stock market still has value in it. We're a long way from expensive," said Milton Ezrati,
I took a day off to attend the New York Times Global Forum at San Francisco’s Sony Metreon Center. Their goal was to put together 400 of the most forward-thinking and influential minds in the Bay Area, stand back, and see what happened. It was organized by my old friend, fellow traveler, and veteran journalist,
I was awoken from a dead sleep in the middle of the night in my suite on the Orient Express by a juddering halt and the smell of burning breaks in the air. We were somewhere high in the Swiss Alps, and every single passenger on the all-first-class train had to be thinking that a
Old Benjamin Franklin, one of the fathers of our country, was a pretty smart guy. Not only was he a publisher, scientist, postmaster general, ambassador to the court of Louis the XVI, and delegate to the constitutional convention. He also understood the basic mathematics that underlay modern investment theories centuries ahead of time. When the
I’ll do anything to postpone aging, as regular readers of this letter already know. So when my doctor told me that she could extend the life of my knees by ten years with a stem cell injection, I was all for it. You better pay attention too. Stem cells, along with CRISPR gene editing (CRSP),
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