The Problem with Human Beings

Published on September 3, 2024

Few human activities are more central to historiography than war, and yet historians are poorly equipped to understand its evolutionary and psychological roots: Why War? attempts, with only partial success, to close this gap.

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Sizzling ETF Flows in Manic Markets Fuel a $609 Billion Haul

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Half your coworkers might have just spent August in Europe, but there were no holiday doldrums in the booming world of ETFs.

Regression to Trend: S&P Composite 164% Above Trend in August

September 3, 2024
Quick take: At the end of August, the inflation-adjusted S&P 500 index price was 164% above its long-term trend, down from July.About the only certainty in the stock market is that, over the long haul, over-performance turns into underperformance and vice versa. Is there a pattern to this movement? Let's apply some simple regression analysis to the question.