Private equity firms do private equity. If they run out of good opportunities, it’s not like they're going to switch to, say, commodities trading.

Have you noticed that across businesses in a range of industries, prices are higher and the customer experience is worse?

I think we have heard enough about the yen carry trade, although that was certainly a contributing factor. Fine, we will rehash it here…

Last week may have been a surprise to most, but it was not a surprise to those who read my newsletters.

I do not have a gambling addiction. That has never been my thing.

The pressure to create a strong portfolio that will support you as you approach retirement can be overwhelming.

I thought I knew a lot about credit cards, and then this happened.

My job is to write newsletters. I get paid pretty much every day of the year, as new subscriptions and renewals come in. It is a fairly steady revenue stream.

The United States is the only place in the world where people routinely put the bulk of their savings in the stock market without knowing much, if anything, about how markets work.