Rituals and Routines

Dana Cavalea became the strength and conditioning coach for the New York Yankees at the tender age of 23. He quickly learned professional athletes who play more than 30 pre-season games, 162 regular-season games, and potentially dozens of more games in the playoffs need to have a structured routine in place in order to succeed….

Wealth Inequality and the Anti-Risk Bubble

In the latest Howard Marks memo he discusses his first dealings with negative interest rates with an investment in Europe in 2014: I had my first direct brush with negative interest rates in 2014, when I was making an investment in Spain.  The closing was due to take place on Monday, and I wired funds…