I talk about the Federal Reserve often in these letters, and for good reasons. Fed policy has enormous influence on the ...

Clearly, there must be a typo in that headline. I’m the one who is always preaching about getting the yield you deserve. So, ...

Last week I noted the problems of sitting down with a blank screen and trying to figure out what to write. This week I have ...

Last week's issue generated more thoughtful replies than we expected. What struck me wasn't that some of you disagreed with a point or two. It was what you agreed on. Almost nobody argued that nothing ...

I have a lot of short conversations about dividend stocks. They go something like this: “Oh, your specialty is dividend ...

"Violent revolutions do not so much redistribute wealth as destroy it... The only real revolution is in the enlightenment of the mind and the improvement of character." — Will Durant, The Lessons of ...

Jacob Shapiro is an independent geopolitical analyst who helps investors and executive teams understand how a multipolar world is reshaping markets and strategy. He provides bespoke research, private ...

As I sat down to start my work week, I realized that I didn’t eat a single hot dog over the holiday weekend to celebrate the 250th birthday of America. Instead, I sat at Otto’s Pub and Brewery in ...

July 4, Puerto Rico and How to Feel Good about America This letter is going to be a little different, and much shorter. But on July 4 I hope it makes you feel good! Regular readers know I spend most ...

Over the weekend, I was talking with a family friend who was moving some money around. I asked what he planned to do with the cash left over. I was hoping his answer wasn’t put it in a low interest ...