A shock to lending standards

The FOMC’s decision to hike interest rates last week will look considerably more ridiculous

How professional short sellers view the current markets

why shorting stocks is so hard, including the toll it can take on a trader’s mental health

Risk-off positions have to act risk-off or the whole concept is sabotaged.

I don’t make market calls very often like this, but I am pretty confident in this one.

If you’ve been around for awhile and this isn’t your first cycle, you will spend the coming period with a mindset alternating between fear and greed.

Here at the dawn of the third act…

As a long-time shareholder of Berkshire, I am happy to receive and share this year’s letter

The stock market is closed today so I am directing your attention to this

“Every bubble has two components: an underlying trend that prevails in reality and a misconception relating to that trend.”

Goodbye, my friend.