Ambitious young people in search of their fortune are looking for a new industry.
The era of declining interest rates may have come to an end, and many investors don't seem to realize it.
Too many parents are stifling their children's independence and willingness to take chances later in life.
Low interest rates can lead people to rationalize all sorts of bad ideas: investing in companies that will never make a profit, financing share buybacks with debt, spending billions...
Investing in such funds makes sense if you want more risk and illiquidity--and are willing to pay for it.
They should be less about collective bargaining and more like guilds that offer various kinds of insurance.
As the cost of services has risen, the financial position of the affluent has weakened.
Office workers need to have a proper lunch, in a restaurant, like the French do, and their employers should pay for it.
The idea that so many U.S. households are so financially precarious is false and misleading.
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