Musings on Markets

In my last post, I looked at banking as a business, and used  a simple banking framework to advance the notion that the key ingredient tying...

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with whic...

This is the last of my data update posts for 2023, and in this one, I will focus on dividends and buybacks, perhaps the most most misunderst...