I have stated a number of times over the past two months that this COVID-19-induced lifestyle feels like stepping back in time to my childhood. Nights and weekends, normally filled during the Spring by kids’ sports and countless other obligations, have given way to activities such as family walks... Read More

In Western’s 2012 Q2 letter we discussed a few historic natural disasters (notably, the 1900 Galveston hurricane) that acted as “black swan” events to alter the course of history around their geographic location. One question posed in the letter revolved around whether the 2011 Fukushima nuclear... Read More

In this day and age, the world does not lack for sensational headlines. Even in The Wall Street Journal or Financial Times, headlines in 2019 read like something out of the National Enquirer. Stories of salaciousness, intrigue and flat-out zaniness are a daily occurrence. Interesting recent... Read More

Congratulations, you’ve sold your business for $20 million. However, once the sale is completed, you may find yourself with closer to $15 million after taxes and fees. This comes as a surprise to most first-time sellers, since it’s hard to anticipate how quickly taxes and costs add up. Read More

Every era brings certain trends and for the last quarter century society has been inundated with rankings and lists as the internet has grown and attention spans have shrunk. This fad first got legs at the end of the 1990s as people raced to quantify the unquantifiable “best of” everything from the... Read More