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Imagine for a moment you own a small piece an old, well-established, family-owned business. Your long-lost ancestors started this company a few centuries ago, and subsequent generations built it into a global powerhouse— we’re talking $100 billion in annual revenue and hundreds of thousands of employees. Hundreds of years later,
There was a popular legend from medieval Venice about an impoverished orphan from the island of Torcello. The boy came to Venice at a young age, found a job, and worked tirelessly and energetically– enough to impress some of the city’s wealthy patricians. Eventually the boy– now a young man–
The most polished, eloquent, and articulate voice on the Left right now is no longer the greasy used-car salesman Gavin Newsom. It’s the next mayor of New York City, Zohran Mamdani. He has Obama‑level charisma and speaking ability, which is terrifying, because it means his political career won’t stop with
Yesterday we wrote that with gold topping $4,000, it’s time to step back and look at the big picture—and the fundamentals haven’t changed. Foreign governments and central banks hold about $10 trillion in US denominated reserves. But for years they’ve been trading this paper for gold— because it is their
On December 26, 1933, US Secretary of State Cordell Hull sat in a conference room in Montevideo, Uruguay, chain-smoking— as usual. It was just months into Franklin D. Roosevelt’s first term as president. In the midst of the Great Depression, the new administration was trying to turn the page from
It pays to think long-term—and to recognize major trends and opportunities before they become obvious. Some of the greatest wins in history stem from long-term thinking. Some of the richest people on Earth, like Elon Musk and Jeff Bezos, had to commit to decade-long visions to accomplish their goals. At
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