Expectations are at the heart of disappointment. Case in point, uranium and rubber gloves. 

Sometimes Wikipedia really does capture the firefly of common wisdom. Take its explanation of the board game Risk: "A strategy game of diplomacy, conflict and conquest"...

t’s a war-movie classic, perfect for a rainy day: George C. Scott, as U.S. World War II general George S. Patton, gloating as his forces rout the German tanks and troops under the command of Irwin Rommel.

For those about to insure, we salute you. Particularly, Zurich-based insurance giant Chubb (CB).

As it has done countless times before, society has begun the deep restructuring needed to battle a serious invader. This time the enemy is called COVID-19.

It’s romantic to think glitzy delivery systems win wars. The fighters. The bombers. The bullets. The submarines. That’s where the crash and boom can be heard. But real victory comes from the boring hum of manufacturers making things that win battles.

Travel is not a well understood market. But to us, Expedia (EXPE) has the most questions to answer. Yes, this is a $11.3 billion business with 80% gross margins, and a cool $1.9 billion in annual net cash flows from operations.

William Hill, DraftKings, FanDuel, and the other online bookies know how to annoy.

What is it about who plays James Bond that makes for such big news on trading desks around the world? Late this summer, we all learned that it would not be Sandra Oh, Idris Elba, Henry Cavill or any of the other wannabe Bonds.

LORDSTOWN, Ohio: The road to electric commercial vehicles usually leads to interesting places.

What makes this bumpy, early-2019 equity market so interesting is the smell of burnt investor coffee in the room.

Is it just us, or have you developed the same strange rituals we have after all these years of perceiving value out of the fog of investor gloom?

Sometimes simply throwing in the towel is the right investor story to tell. And for this holiday season, the singular wasted business opportunity has got to be direct-to-consumer, or DTC, genetic testing.

The year 2018 has been a bumper year for shame and humiliation, hasn’t it? But it won’t last, because ... it never does.

Business news is about to become a semi-oxymoron.

It's not like we get to write this sentence every day: There appears to be fresh, new value in the dusty old world of annuities.

With markets now in full new-school turmoil, so begins the search for old-school value. And how far wrong can any of us go, in these times of markets that go thump in the night, by looking at bugs?

One of the up sides of a down market is that -- strictly speaking on a legit risk-adjusted basis -- scary times are the time for scary bets.

Isn't it finally refreshing to see this in black and white: Tesla Inc. would be a far better company if Elon Musk no longer ran it.

We heard a good one from a smart young computer-engineer friend of ours, the other day. “If I ever randomly mess with the inputs to one my programs, I'd get fired that day.