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Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…

The Shrinking of Treehorn

…even general inflation, do we have faith that the government will get that health care inflation under control soon? As my auto-engineer sister and brother-in-law in the Detroit area worry…

Eyes on Trade

…to have to read some truly mind-numbing trade law analyses of domestic regulation. For instance, have you ever really thought about whether electricity is a good or a service? Yesterday,…