Jack Bogle, the man Warren Buffett has said did more for the average investor than anyone in the world, passed away yesterday. The founder of Vanguard Group created low cost index funds that allowed investors to buy baskets of stocks with a 0.08% management fee instead of the typical 1-2% for wealth managers. A life well lived. On the subject of fees, why are commissions for residential properties so friggin’ high? I search out the house; I can easily...

Oil at $51! A trade deal coming! Jobs report amazing! Fed not raising rates! All in 3 days. Wow, that was easy.... https://www.youtube.com/watch?v=JMJXvsCLu6s

2 weeks ago - I asked - “What happened to hostile takeovers?” Frankly - they are the only way to get deals done in this commodity environment and hedge fund/ private equity capital are the best positioned to get it started. With so much money on the sidelines in energy waiting to be deployed - what better way to recalibrate the industry? I, for one, am excited for the implications for the energy industry of Elliott Management’s hostile takeover bid for QEP. Elliott has $35b...