Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche


Long Ideas

Is Exxon-Mobil still a Safe Investment?

Exxon-Mobil has a lot of cash and a lot of float, and that cash and float is increasing. That, and the unpopularity of fossil fuels these days certainly makes it a value investment but it’s also a growth investment. Who knew?

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Is Russia a Theocracy?

In terms of its historical origins, domestic policy, and foreign relations, the situation in Russia has some disturbing similarities to Iran. In both nations, an all-powerful religious establishment is promoting authoritarian government, undermining democracy, and supporting or at least turning a blind eye to state-sanctioned terrorism.

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