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No, The Business Cycle Has Not Been Repealed

Capitalism without failure is like religion without hell. –Charlie Munger of Berkshire Hathaway and to our readership famously of Munger Tolles as well (noted in The Wall Street Journal.)     By the time you read this, all of these visuals will be... read more +

What’s So Great About Pay Transparency?

by | Jan 4, 2023 | 4 Comments

"Transparency!" is a far more clarion call to arms than "Opacity."  And as a securities lawyer, I was trained--and didn't take much convincing, truth be told--that full disclosure was a not so minor deity.  Yet here I am composing on essay on everything that's wrong...

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Letter from London

by | Dec 12, 2022 | 0 Comments

Remember these? We made it customary here at Adam Smith, Esq. to publish a "Letter from...." after our return from any meaningful business trip to noteworthy cities.  And, thankfully, here we are. When you'ce been away from anything--a Great City, an old friend, a...

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The Ballad of Kanye and Kyrie

by | Nov 16, 2022 | 1 Comment

Memory does not recall these pages ever featuring or even mentioning a rap star or a basketball star, but we are confident that our readers have wide-ranging and catholic tastes so we are sailing forth here undaunted.  Plus, there should be a first time for...

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Apologies for the Site Being Down Yesterday

by | Nov 8, 2022 | 0 Comments

A technical issue took us offline for the greater part of 24 hours.  Our apologies. The issue was caused by our hosting service, a nationally recognized brand (they have run Super Bowl ads), with whom we had been for many many years, performing unexpected,...

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