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If you saw Christopher Nolan’s blockbuster Oppenheimer, you might remember the scene in which Dr. Oppenheimer travels to Chicago to meet with physicist Enrico Fermi, who had just achieved the world’s first ever self-sustaining nuclear chain reaction. This really happened– it was December 2, 1942, and Enrico Fermi’s experiment was
At 3:15 in the morning on May 10, 1774, King Louis XV of France passed away after a grueling, two-week battle with smallpox. Upon hearing the news, his heir and grandson– 19-year old Louis XVI, reportedly cried out, “God protect us, I am too young to rule. . . I
Carolyn Maloney must be furious. This career politician with five decades of experience, as I wrote in at the very beginning of the year, was the chief architect of a completely ridiculous law known as the Corporate Transparency Act (CTA) which went into effect on January 1st. The CTA was
It’s hard to say with a straight face that an asset hovering near its all-time high could be a “contrarian” investment. But I’m going to say it anyhow– I think gold may be a contrarian play right now. Now, it would be easy to assume that gold is near its
In the year 1218 on the great plains of central Eurasia, a Mongolian trade caravan was on a long expedition across the Silk Road when it reached the city of Otrar in the Khwarazmian Empire (modern day Kazakhstan). The governor of the local province– a career politician named Inalchuq– was
Almost one year ago to the day– on February 24, 2023– Silicon Valley Bank released its 2022 annual report. And senior executives must have been pretty nervous since the report showed that the bank was nearly insolvent. The bank had acquired a massive portfolio of more than $100 billion of
Early in the spring of 1956, only weeks after Elvis Presley released his debut studio album, and actress Norma Jean Mortenson had her name legally changed to Marilyn Monroe, a budding 25-year-old businessman from the American Midwest fatefully registered his first-ever company. His name, of course, was Warren Buffett. And
It’s not exactly as if the world is swimming in a sea of tranquility these days. War in Gaza has been raging for months. War in Ukraine has been raging for years. And Russia has even threatened using nuclear weapons. Terrorist groups brazenly attack American shipping vessels. Iran keeps stirring
On January 16, 1917– at the peak of World War I, the imperial German Foreign Minister, Arthur Zimmerman, sent an encoded telegram destined for the President of Mexico. Zimmerman wanted to form an alliance with Mexico, in the hopes that the United States would be too distracted with potential conflict
The ink was barely dry on the Treaty of Paris in the year 1763 when the financial panic set in. Government ministers across Europe began taking stock of their disastrous finances… and the picture was gruesome. The world had been at war with itself for nearly a decade. And though
On September 18, 1928, at the peak of the ‘Roaring 20s’, an American investor by the name of Evelyn Gregory was sitting on a fat capital gain totaling over $133,000– worth more than $12 million in today’s money. The top federal tax rate back then was 25%… but Evelyn wasn’t
I imagine life can often feel pretty difficult for today’s high school students. On top of dealing with classic teenage drama like homework, hormones, pimples, parents, driving, dating, university selection, and more, students these days have to contend with a host of new challenges. They suffered long periods of brutal
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