Knowledge is knowing a tomato is a fruit. Wisdom is knowing not to put it in a fruit salad.” ”The insurance industry, however, appears more vulnerable, given, as noted, PE sponsors have been acquiring insurance companies and using their investment books as dumping grounds for their toxic waste. Even unaligned insurance companies though have often been as guilty as pension funds and endowments in “reaching for yield” and over-allocating to alts in an effort to compensate for l

““Without education, we are in a horrible and deadly danger of taking educated people seriously.” ― G.K. Chesterton The Paradox of Progress: The Living Room vs. The Laboratory The modern man, in his feverish zeal for novelty, has made a most curious error: he has mistaken the living room for the laboratory. He holds that because a motorcar should be redesigned annually, the marriage vows should be equally as fluid. This is the central paradox of our age: the belief that all

“The US manufacturing cycle is gaining traction. With nearly 200 factory completions since mid-2023 and a $590 billion pipeline led by $5 billion-plus megaprojects, advanced manufacturing is set to be a durable growth engine for the US economy…” - Apollo Global Demographics Aren’t Destiny — They’re the Map of Where We’ve Been — A reflection on my hometown In the grand parade of cities, one hears often that “demographics are destiny.” But I would suggest that demographics are