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“Dreams must be heeded and accepted. For a great many of them come true.” - Paracelsus

“It is surmounting difficulties that makes heroes.” - Louis Pasteur

“When we seek to discover the best in others, we somehow bring out the best in ourselves.” - William Arthur Ward

“Yesterday ended last night, today is a brand new day.” - Zig Ziglar

"Life always offers a second chance. It's called tomorrow." - George Hutchinson

"Enthusiasm is the most important thing in life." - Tennessee Williams

“Most folks are as happy as they make up their minds to be.” - Abraham Lincoln

Phil Falcone (Illustration by Richard A. Chance) No One: Absolutely No One: I Wonder What Phil Falcone Is Up To? “Are you aware of what I’m dealing with and what I’ve dealt with?” By Michelle Celarier April 20, 2020 If you’re a man in distress and yet own things like, say, Andy Warhol...

https://www.institutionalinvestor.com/article/b1l8wy1pcmy36c/Cheesecake-Factory-Turns-to-Private-Equity-Firm-Roark-in-Coronavirus-Crisis?utm_medium=email&utm_campaign=The%20Essential%20II%2004212020&utm_content=The%20Essential%20II%2004212020%20Version%20A%20CID_ed3f7ded219da439cd06ffb07eb891c2&u...

Contact tracing Most experts agree that we're all going to need to carry around smartphone apps that will allow us to be warned when we have been in contact with a COVID-19 carrier. But how the matching and warning process takes place will have major privacy implications—as is clear from a...

“Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.” ―John Kenneth Galbraith

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Yes. RIEF is long only...

"The past is never dead. It's not even past" - (Faulkner)

Some Hedge Funds Almost Breached Contracts in March – But Then Stocks Bounced Back Portfolio managers, probably: “This is fine.” Amy Whyte April 17, 2020 Illustration by II March was disastrous for many hedge funds — including some that reported dangerously steep declines in net asset...

In the 1970s, the Ford Motor Company introduced a new subcompact car called the Pinto. In response to several fatal accidents involving the Pinto, Ford prepared a seven-page company memorandum entitled “Fatalities Associated with Crash-Induced Fuel Leakage and Fires.” In the memo, Ford...

"Do what you can, with what you have, where you are." - Theodore Roosevelt

“Only losers average losers” - Paul Tudor Jones

“The only real prison is fear, and the only real freedom is freedom from fear.” - Aung San Suu Kyi

“Better to die fighting for freedom than be a prisoner all the days of your life.” - Bob Marley