Yesterday, James O’Shaughnessy posted a long and intriguing tweetstorm about investor ignorance. O'Shaughnessy is the chairman and founder of O'Shaughnessy Asset Management LLC, and the author of the classic investing book “What Works on Wall Street.” The thread is worth reading from start to…

Today, I will violate one of my favorite principles, and hereby make this prediction: No Brexit! In other words, the U.K. will not exit the European Union. By 2023, we will look back at the entire ridiculous affair as if it were a rediscovered lost episode of “Fawlty Towers.” Soon after the…

After all the complaints I have made about the need for a big improvement in American infrastructure, I am genuinely excited by the prospect that something might happen this time. My optimism isn’t the result of President Donald Trump’s claim in last night’s State of the Union address that he’s…