If one seeks the right answer, she must ask the right question. Should we forgive student loans? Wrong question. Why does college cost so much that one has to take out a mortgage-sized loan to pay for it? That is the right question.
The primary value, in my opinion, is independence. It boils down to one question: Who is the boss – is it the client, or someone else?
The original mutual fund scandal boiled down to large brokers getting preferential treatment at the expense of small investors. This 2.0 version boils down to the same thing: Large consulting firms are receiving preferential treatment at the expense of smaller firms and investors.
The cancel culture was all aflutter last week: A man who is popular enough to be un-cancelable and who believes that people should actually be free to express their opinions bought their favorite platform with the express intent of canceling the cancel culture. He is going to let people say what they want to say. Oh the horror.
Wisdom has fallen out of fashion, and the consequences of that are plainly obvious all around us. Our policymakers and political leaders increasingly have no real-world experience. Case in point is the Federal Reserve. The Fed is staffed and run by very intelligent people, all of whom went to the same schools, got the same knowledge, and have no actual experience.
