Category Archives: Business
The Ghost of Harry Bridges
Dockworkers on the East and Gulf Coasts went on strike on Tuesday. This marked the first major work stoppage by the International Longshoremen’s Association (ILA) since 1977. It will halt about half the nation’s ocean shipping imports and affects 36 ports from Maine to Texas. Continue reading
China is Winning the EV War
Jim Farley, chief executive of Ford Motor Company, knew it was bad before he boarded his return flight to Michigan. His fact-finding mission to China in May had revealed the cold hard truth. Continue reading
How to Catch a Falling Knife
Like Buffett, we want to buy wonderful companies at a fair price. And the AI story, as far as we can tell, has gotten well ahead of the AI reality. In other words, AI alone doesn’t justify NVIDIA’s peak valuation of $3.3 trillion. Continue reading
Red, White, and Blue
The days are long and hot in the Northern Hemisphere when real American patriots spit upon their hands and hoist the red, white, and blue. On July 4th, the free and brave, with duty and self-sacrifice, begrudgingly accept federal holiday pay to stand tall upon their own two feet. Rugged individualism and uncompromising independence are essential to their character. Continue reading
