Warren Buffet is frustrated.
He wants to make an "elephant-sized" investment, but for the notoriously frugal investor, stocks are priced too high to justify it.
there is incredible power in the idea of “ownership” — stocks, buildings, companies, etc. we cannot create wealth when our money is linked to hours worked.
In 1869, a guy named Marcus opened a small business to purchase promissory notes in New York City.
More than a decade later, Marcus recruited his son, Henry, and his son-in-law, Samuel Sachs. They formed Goldman Sachs.
On Tuesday, Chinese President Xi will further outline his economic vision at the Boao Forum, Asia’s answer to Davos.
As the newly-anointed President for Life, Xi’s speech will cover a set of issues that have global implications.
The central tragedy of infrastructure is that when deep public-private investment is most needed, global governance — the lead element historically — is in ruins.