Beta: A Powerful But Faulty Tool For Managing Risk

We are reminded time and again that prices emerge from subjective valuation, not objective criteria.

Jet Fuel Prices Soar As War In Iran Ripples Through Global Aviation Authored by Felicity Bradstock via OilPrice.com, Airlines, including Qantas, SAS, and Air New Zealand, have already announced airfare increases. Surging jet fuel prices and disruptions in the Strait of Hormuz are squeezing airline operations. Prolonged conflict could weaken travel demand and deepen pressure on global airline stocks. As the war in Iran spills over into other parts of the Middle East, energy experts expect the price of several oil and gas products to soar over the coming months, driven by shortages. This...

Mexican Resort Towns Burn As Special Forces Kill Jalisco New Generation Cartel Boss "El Mencho" Update (1656): Mexico's Ministry of Defense announced on X that a military operation targeting the Jalisco New Generation Cartel (CJNG) in the Tapalpa area resulted in the death of cartel leader Nemesio "Mencho" Oseguera. According to the statement, troops came under attack and returned fire "in defense of their integrity," leaving four CJNG members dead at the incident area and three others critically wounded. The ministry stated that those three later died during a medevac transfer...