Credit Bubble Stocks

It is not good news, then, that over the past 10 years, private equity has focused on taking companies private that are both more levered an...

Realistically, frontier LLMs are already strongly superhuman at basically all tasks requiring crystallized knowledge and pattern-matching re...

We started the year bullish . It seemed to us that it would be difficult to have a recession with wholesale gasoline below $2 per gallon and...

A cyclical business that produces average returns over a full cycle will give investors worse total returns, because at the peak it won'...

Murray and Bregman and their fellow partners started the firm with ideas rather than money. They had none to manage and not even the $100,00...

Warren Buffett has described the ideal business with perfect clarity. "The best business," he once said, "is one that is a ro...

Over the long run in infosec, the defensive side tends to win. There's a lot of deadweight loss in a hack, and hackers have a higher dis...