A Latticework of Mental Models

Excerpt from Chapter I of “Investing: The Last Liberal Art” by Robert G. Hagstrom In April 1994, at the Marshall School of Business of the University of Southern California, students in Dr. Guilford Babcock’s Student Investment Seminar got a rare...

Memorial Day: What We Owe Our Soldiers

Every Memorial Day, we pay tribute to the American men and women who have died in combat. With speeches and solemn ceremonies, we recognize their courage and valor. But one fact goes unacknowledged in our Memorial Day tributes: all too many of our soldiers have died...

The Little Dictators

America is the land in which productive individuals were largely set free of the coercive power of the government. The result was the most prosperous nation the world has ever seen. But, over the past two generations, our freedom has been subordinated, in myriad ways,...