It’s small, uncomfortable and can be obscenely profitable

Most investors chase the same crowded trades. The real money is made much earlier — in small, uncomfortable companies tied to long-cycle technologies before they go mainstream.

Four academic theories that turn investors into billionaires

Investment strategies based on academic theories have a miserable reputation. Sometimes they even blow up financial markets. But what if you combine them?

Murphy's Lawlessness

A conservative is someone who distrusts government power; he believes government should always be subordinate to the writ of Moses and the Grand Convention of 1787.