"In any given moment, we are either stepping forward into growth or stepping back into safety." – Abraham Maslow I’m not one to drink and...

Frugality can be taken too far. There are people who use a stick to get the last drop out of a tube of toothpaste or limit the number of blocks of toilet paper each family member may use. The opposite end of this spectrum are people who are either so egocentric or downright insecure that they cannot conceive of the possibility of having anything but the best. However, somewhere in between there is a group of people who enjoy finding creative ways of spending as little as poss

Never before have US equity markets been so accessible – or so crowded. Twenty years ago, around 4 billion shares were traded daily across US stock markets. Today, it’s over 15 billion. Yet long-term investment managers like Orbis, Baillie Gifford, and Dodge & Cox account for only a fraction of that activity, and their share is shrinking.