I read an article recently discussing how runners inevitably slow down with age, particularly after 50. Data from the New York Marathon and Boston Marathon back this up with generally flat average finishing times for ages 20-49 followed by a steady, almost exponential, increase after 50. I haven’t reached the
Since our last VirtualOil update in May, oil prices have continued to take a beating. As the chart of the rolling five-year portfolio shows, much of our strip of options is now out-of-the-money and the average value per barrel of that optionality has sunk below $7. No surprise then that
Why visualization? Several reasons, actually, the most compelling being that sometimes visualization literally solves the problem for you. I remember an exercise in eighth grade English class where we were asked to describe, in words only, an object set in front of us with sufficient clarity such that our classmates,
