Arthur

This speech was recorded 2 months before the biggest single-day stock market crash in history and almost nobody has watched it. Filmed at a 1987 ABA Annual Meeting, "Stock Market Volatility and the Business Cycle" sat online with a grand total of 7 views before this post. Think about that timing. This is someone standing in front of a room, mid-1987, talking about volatility and business cycles months before Black Monday wiped out over 20% of the Dow in a single session. Nobody in that room knew what was coming. That's what makes old, unwatched economics lectures like this genuinely unsettling to revisit you're not watching hindsight commentary, you're watching someone reason through risk in real time, with zero knowledge of what happens next. Here's the question worth sitting with: if the sharpest people in a room full of professionals in 1987 couldn't see Black Monday coming, what confidence should any of us actually have in predicting the next one? Drop your theory below do you think today's volatility signals look anything like 1987's, or is that comparison lazy?

A 95-year-old billionaire just broke a "lifetime" promise he made 20 years ago and everyone assumes they know why. They're wrong. Warren Buffett sat down with CNBC and confirmed he's cutting off all future donations to the Gates Foundation, after handing it nearly $48 billion since 2006. Here's the part almost nobody is reporting correctly: Buffett explicitly said this has nothing to do with Bill Gates' scrutinized ties to Jeffrey Epstein - even though he admitted he read Gates' full congressional testimony and called it "distasteful." So what actually happened? Buffett said his own three kids finally proved they can responsibly give away massive sums of money - without the bloated conferences and institutional overhead he didn't trust them with 20 years ago. The money isn't vanishing from philanthropy. It's quietly moving to family foundations that have already received close to $18 billion combined. The uncomfortable takeaway: even a "lifetime pledge" from one of the most disciplined men in finance turned out to have an expiration date. If Buffett's word can change, maybe nothing in philanthropy - or business - is ever really permanent.