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I’ve often joked very tongue-in-cheek that Donald Trump is the only person qualified to be President simply because he’s declared bankruptcy four times. Trump himself talks up his own debt credentials, saying “I’m the King of Debt,” and “I know more about debt than practically anybody.” He’s flat wrong, of
Today the IRS published the latest figures on renunciation, showing that yet another 1,158 Americans have renounced their citizenship in the first quarter of 2016. While this may not be setting a record for a single quarter, the trend is quite clear.
Well, it finally happened. After months of innuendo, the European Central Bank (ECB) announced last night once and for all that they will no longer produce the 500 euro note. The 500 euro note is the highest denomination of physical currency in the euro zone, and they’ve been talking about
There’s something about being insanely rich that people will believe every word that comes out of your mouth no matter how bizarre. And no, I’m not talking about Donald Trump. Warren Buffett is an even better example. As one of the richest men in the world, Buffett’s opinions carry almost
Just after sunrise on April 19, 1775, a large contingent of British military troops arrived to the town of Lexington, Massachusetts. They were under orders to search for and confiscate all weapons and munitions from the colonials– something the British army had done countless times before. In many ways it
[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] In their efforts to jam the square peg of financial theory into the round hole of human nature, economists have perpetrated some pretty stupid things. But few of them are dumber than the efficient market hypothesis (EMH).
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