Nearly a decade after promising to withdraw millions in fossil fuel investments, the University of Massachusetts has stalled on its clean energy transition. What happened?

A crucial economic indicator flashes green, yet few take heed. Convinced it outlived its usefulness, they shun this bullish signal or dismiss it outright. What is it? “Yield curves” – and understanding their sneaky global power gives you an advantage. Let me show you why this antiquated economic gauge has renewed energy – and what it says for stocks’ future.

The internet’s most profitable business model has always been simple: running search ads on monetizable queries. When you search “how many protons are in a cesium atom,” Google makes no money. When you search “best tennis racket,” it prints cash.

This asymmetry defines the entire search economy–some queries are pure curiosity, and others have direct purchase intent. It’s part of why Google (where people often search for products) is a $2T company and Wikipedia (where people search for knowledge or fun facts) is a non-profit.

The noted author, consultant, and academic on the virtues of simplicity, the challenges facing active managers, and why he would stay away from investing in private capital.