MiB: Jean Hyne, Wellington Management’s (incoming) CEO

  This week, we speak with Jean Hynes, incoming CEO of Wellington Management. The firm has over $1 trillion client assets under management. Hynes also runs the $51B Vanguard Healthcare Fund – the country’s largest health care fund. She discusses how she started at […]

10 Weekend Reads

The weekend is here! Pour yourself a mug of Portland Organic French Roast coffee, grab a seat by the window and get ready for our longer form weekend reads: • Sneakerheads Have Turned Jordans and Yeezys Into a Bona Fide Asset Class When the pandemic […]

Some Covid Links

Is the U.K.’s Covid-19 death count inflated? Here’s the opening of a new report by the Daily Mail: Grieving families last night said deaths had been wrongly certified as Covid-19. Demanding an inquiry, top medical experts and MPs also insisted they were ‘certain’ that too […]

Quotation of the Day…

… is from page 26 of Thomas Sowell’s slim yet significant 1981 volume, Markets and Minorities (original emphasis): Economics takes as axiomatic the proposition that more of anything is demanded at a low price than at a high price. Discrimination is no exception. A pair […]

Succinct Summation of Week’s Events 2.26.21

Succinct Summations for the week ending February 26th, 2021 Positives: 1. Covid infection rate plummets 72% as USA appears to be closer to herd immunity.2. FHFA House Price Index rose 1.1% m/o/m, above expectations.3. Jobless claims fell 111k w/o/w from 841k to 730k.4. New home […]

Bonus Quotation of the Day…

… is from page 58 of my late, great colleague Walter Williams’s 2011 book, Race & Economics (original emphasis): The real problem is that workers are not wo much underpaid as they are under-skilled. And the real task is to help those people become skilled. […]

Some Non-Covid Links

George Will rightly decries the U.S. government’s unprecedented peacetime fiscal diarrhea. A slice: [Brian] Riedl, a student of ancient (or so it suddenly seems) U.S. fiscal history, remembers that the 2009 stimulus included a $25 addition to weekly unemployment checks. In 2020, Democrats wanted $600 […]

David Henderson on the Economics and Ethics of Lockdowns

Last Friday, David Henderson – in this lecture – offered an economic and ethical case against lockdowns. Comments Original Article

MIT Sloan Investment Conference 2021

I’m super excited to be a part of the 16th Annual MIT Sloan Investment Conference, held virtually today (February 26th, 2021). This year’s theme is “Investing in a New World.” My participation is two-fold: At 12:15, I will be hold a fireside chat with Peter […]

Some Covid Links

Neville Hodgkinson accurately observes that “the Orwellian flavour of our current experience is unmistakable.” A slice: As for the intoxication of power: Boris, Matt Hancock and their cronies – and similar teams in many other countries – seem to me to be taking far too […]