“Tell Us How He Made It!” A Story of Warren Buffett, William Randolph Hearst, and Money

There is an apocryphal story about Warren Buffett that I always found useful. [mainbodyad]Years ago, when he was supposedly touring Heart Castle, the gargantuan San Simeon, California estate of American newspaper tycoon William Randolph Hearst, the tour guide spent hours highlighting the enormous scale and no-expense-spared luxuries.  He talked about how much money was spent…

Inflation and the Federal Reserve

New York Federal Reserve President William Dudley Teaches About Inflation Using the iPad … And Makes People Angry

There was a firestorm of controversy this morning following remarks by New York Federal Reserve Chairman William Dudley. In an attempt to explain how the Federal Reserve calculates inflation, the Fed President commented to a group of working class people that you can’t just look at the price of food – the price of everything has to be factored in to understand what is happening to the purchasing power of the dollar.

The Milky Way Galaxy

How Big Is Earth Compared to the Universe?

How big is Earth compared to the Universe? Think about Earth.  The oceans.  The mountains.  The forests.  The millions of forms of life.  Thunderstorms.  Volcanoes.  Snow.  Our history, including past civilizations and enormous monstrous dinosaurs. Now consider that there are at least 10 trillion planetary systems in the known universe.