International Women’s Day (IWD) is a good reminder of what’s been accomplished – and what hasn’t – in the 106 years since the first IWD event.
More than $30 trillion will be transferred from baby boomers to their children in the coming decades.
Billions of people wake up every day trying to solve the world’s problems. It’s an amazing thing.
The number of publicly traded U.S. companies peaked in 1996 at 7,322. Today there are just over 3,700, according to Wilshire Associates. The U.S. population has risen nearly 50% since 1975, and real GDP has tripled. But the number of public companies has declined 21%.
Writing is one of those things you’ll need to be decent at no matter what business you’re in. It’s also one of the hardest things to get decent at, since it’s 90% art, 10% illogical grammar rules. Novelist William Maughan said there are three rules to good writing. “Unfortunately no one knows what they are.”
“Investing isn’t complicated. You just buy stocks when they sell for less than they’re worth.”
My son turns one next week. He doesn’t talk much, but one day I hope he’ll ask what the world was like when I was his age. I imagine it’ll go something like this.
You can’t accurately describe how complicated the global economy is.
There are more than 200,000,000 businesses in the world. Three-hundred trillion dollars of financial assets. Eighty trillion dollars of GDP. Almost 200 countries, thousands of cultures and norms. With seven billion people, a rough calculation shows there’s about two tons of pure serotonin careening through the global economy at every moment. Economists try in earnest to model all of this in Excel.
Do you know what’s happening in this picture? Literally one of the most important events in human history.
But here’s the most amazing part of the story: Hardly anyone paid attention at the time.