Data source: Bloomberg L.P. Note: Annualized percentage, a widely used trading measure of price volatility, is the standard deviation for the previous 30 days of daily changes in the Henry Hub front-month futures price multiplied by the square root of 252 (number of...
The only thing you can guarantee about your future plan is that it’s going to change. May as well bake that right into the plan. This is why the greatest leaders inspire; not demand, tell, or force – they give the people around them something to believe...
The goal was ambitious. Public interest was high. Experts were eager to contribute. Money was readily available. Armed with every ingredient for success, Samuel Pierpont Langley set out in the early 1900s to be the first man to pilot an airplane. Highly regarded, he...
It takes approximately seven years to get a Ph.D. in economics from a leading school. But it’s borderline fair to say you can capture those seven years in one sentence: If the other guy’s getting better, then you’d better be getting better faster than the other guy’s...
Long, long ago, as the story goes, people used to think that finding a perforated coin brought good luck. Think of it as another version of the four-leaf clover. There was once a poor man who had not been very successful in his work and in life. But one day, miracle...
