3/21/25: Weekly Recap of Headlines We Found Interesting

For those of us in the "multi-generational" and "investment" business, Daniel Kahneman's death was sad news. One of the great thinkers in behavioral finance and bias identification, Daniel Kahneman's decision to end his own life in Switzerland will be discussed for decades.

The recent news that his passing was part of a deliberate thought process is both doubly sad, and not surprising at the same time. Jason Zweig of the The Wall Street Journal adds his wisdom and experience with Daniel to put some context around the final choice of one of the ultimate authorities on human decision-making.

As we digest the passing of one of the industry lions, what we (as advisors) will learn from Daniel's passing will be interesting to follow.

https://www.wsj.com/arts-culture/books/daniel-kahneman-assisted-suicide-9fb16124

Team Building in a the Portal World

With March Madness right around the corner, here's an article on Duke's broader roster construction after they signed on prized recruit, Cooper Flagg.
An interesting segment on the balance between talent and cohesion. We'll see how far it takes them this year . . .

https://www.espn.com/mens-college-basketball/story/_/id/44284923/duke-blue-devils-cooper-flagg-freshmen-roster-construction-transfer-portal-2025

Harvard’ s Tuition News

The Harvard Tuition Program is big and welcome news out of academia . . . it will be interesting to see the impact of this kind of program on Harvard's peers. With the proposed new initiatives on increased taxing of large endowment institutions, the timing of this is convenient. The downstream effects are also intriguing (especially for schools that don't have the same endowment power). Will some places open up to more students?

https://www.nbcnews.com/news/us-news/harvard-announces-free-tuition-families-making-200k-annually-rcna196729

BONUS: Autopens, Digital Signatures and Docusigns . . . Oh My!

An interesting law review article on the issue of autopens and digital signatures with respect to Presidential Authority. Constitutional issues aplenty!

h/t T.L. Turnipseed

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1908354