I had an unpleasant surprise at the airport last week. I walked into the TSA Pre line and handed the agent my boarding pass and ID. But rather than being greeted with the knowing wink and nod that comes with taking the VIP line, the agent dismissively pointed me in the direction of the general...Read More

Bangladeshi butter. If you’re looking for the indicator with the highest correlation to the S&P 500, it’s not GDP growth or even earnings growth. No, it’s butter production in Bangladesh. In a paper published two decades ago, mathematician David Leinweber and portfolio manager Dave Krider found that butter production in Bangladesh had the tightest correlation...Read More

I love the TV show Billions. I always carve a little time from my work day on Monday afternoons to watch the episode from the night before while I’m doing paperwork at my desk. When it airs live on Sunday nights, I’m usually worn out from a busy weekend of chasing my kids around, and...Read More