Friday, March 19 @ 5 p.m.: Quarantine Fatigue + Spring Fever + TGIF No, I couldn’t tell if all those drivers were wearing masks. No matter. The warm temps (low 50’s) and brisk (10 mph) wind make a mask-free walk around Lake Bde Maka Ska (nee “Calhoun”) a low risk/high reward activity. I just finished...Read More
I’ll leave it to meteorologists to explain what causes it (temperature inversion? freezing fog?). Whatever the reason, the Twin Cities woke up to an especially pretty, late Winter scene this morning. Enjoy it while you can: temps in the 50’s by the weekend will make the effect short-lived.Read More
Thinking Outside the Box Inside the Circle I wouldn’t try it even a week from now — local temps are supposed to soar into the 60’s soon. However, at least for now, there’s a quick shortcut for anyone running late on their walk around Minneapolis’ Lake Calhoun: cut across the ice. 🙂 Have a nice...Read More
Reversal of Fortune How volatile is the stock market — and specifically, tech stocks — these days? Consider the fortunes of ARK Invest’s Cathie Wood: Cathie Wood, increasingly nicknamed “Queen Cathie” by traders on Reddit, is turning into the new stock market Oracle. Hundreds of millions of dollars poured into her family of five ETFs...Read More
No Bombshells in Warren Buffett’s 2020 Letter to Shareholders [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Unless “steer clear of bonds” is a news flash, Warren Buffett’s just-released 2020...Read More
Greater and Lesser Fools Grizzled investors will tell you that if you feel euphoric after a trade, it wasn’t a good one. You should feel awful and be second-guessing yourself. That’s the sign of a great trade.” –Andy Kessler, “A Stock-Trading Dupe is Born Every Minute”; The Wall Street Journal (2/21/2021). Admittedly, three weeks does seem...Read More
