Episode 124: The Left’s Problem with Police Unions California’s Democratic leaders -- in Congress and Sacramento, and on Main Street -- are scrambling to appease public outrage over the police killing of George Floyd. But their solutions neatly avoid touching the Left’s unbridled affection for government...

I find it inconceivable that we will not have up and down volatility at some point in the near future. But I am not surprised by this market's resilience. The forward-looking capabilities of the market are powerful, even though they are more often subject to...

Episode 123: The Problem with Police Is Police Unions Our problem with bad cops isn’t that they’re racist, it’s that they’re protected. State lawmakers seize the moment to resuscitate affirmative action. Justice comes slowly to Orange County assemblyman who offers political favors in exchange for sex. ...

I am constantly challenging myself to get my applications of “first things” right in the investment world, but my principles themselves are not constantly changing. I say that with pride. The challenge that exists for the investment professional who has done the work of developing...