In much of the nonprofit sector, capital is taking longer to commit and multi-year, flexible funding is becoming more selective. The result is not a uniform decline in revenue but a widening gap between organizations that can plan over time and those that remain dependent on one-time or tightly constrained funding. The 2025 federal funding freezes, the effective wind-down of ...

Like many airline executives, Delta CEO Ed Bastian has been forced to respond to the ongoing oil crisis caused by the Iran war by raising fares and cutting flights. But he sees bigger changes on the horizon. Sustained fuel price hikes could lead to swee...

Charlie Munger once told a story about a town that built a single, magnificent grain silo. It reduced costs. It impressed visitors. It eliminated redundancy. For years, it worked perfectly. Then one wet season, moisture entered at the base and the entire harvest spoiled at once. The neighboring town kept five smaller silos spread across different plots. None were impressive o...

Over slices at an East Village pizza place where he often takes meetings, Acorns CEO Noah Kerner made a case for an unconventional idea: the fintech industry’s biggest problem isn’t

Spending money well is its own kind of skill. It requires a certain amount of creativity, and daring, and aesthetic appreciation. It is an ability that is almost as valuable as earning money. You might not recognize that talent now, for the internet is peppered with men—mostly men—declaring that no matter how much money you earn, you should spend none of it. Because, y...