The Convexity Maven | The Convexity Maven: “The Big ‘O’”
When making an investment decision in the bond market, there are only three risk vectors to consider: Duration, Credit and Convexity.
Charlie Munger is interviewed for the “Becoming Warren Buffett” documentary where he talks about his relationship with Warren Buffett, their investing philosophy, how Warren’s mind works and more.
The New Yorker | How Elon Musk Went from Superhero to Supervillain
Walter Isaacson’s new biography depicts a man who wields more power than almost any other person on the planet but seems estranged from humanity itself.
Mises Institute | Will the BRICS Dethrone the U.S. Dollar?
The summit of the so-called BRICS (Brazil, Russia, India, China, and South Africa) has closed with an invitation to join the group extended to the Emirates, Egypt, Iran, Saudi Arabia, Argentina, and Ethiopia. The summit has generated a lot of headlines about the impact of this widespread group of nations, including speculation about the end of the U.S. dollar as a global reserve currency if this group is perceived as a threat to the United States or even the International Monetary Fund. Several things need to be clarified.
Visual Capitalist | 200 Years of Global Gold Production, by Country
Although the practice of gold mining has been around for thousands of years, it’s estimated that roughly 86% of all above-ground gold was extracted in the last 200 years. With modern mining techniques making large-scale production possible, global gold production has grown exponentially since the 1800s. The infographic uses data from Our World in Data to visualize global gold production by country from 1820 to 2022, showing how gold mining has evolved to become increasingly global over time.
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