Quotes from James B. Stewart

Low-volatility funds, which tend to smooth out performance, have been especially popular since the financial crisis. The PowerShares S&P 500 Low Volatility Fund is the oldest, begun in 2011.

You don't do something because it's a sure thing. You don't do something for the bank. That's the one that flops. That's a riskier proposition than doing something completely original. It's risky to be safe.

Some people may be more gifted than others, but excellence in writing, as in any art form or craft, involves discipline and practice.

Over the years Sumner amended his trust more than forty times to add and remove numerous beneficiaries, many of them women he dated. Dauman, who as a cotrustee of Sumner's trust was aware of many of the gifts, acknowledged that "several" women received over $20 million each, "a lot" of women received over $10 million, and "many, many" women received over $1 million.

As he told Hill, he was simply following the "Eight 'P's," a mnemonic that had been drummed into them in the military: "Proper prior planning and preparation prevents piss-poor performance." The Real Heroes Are Dead Article from The New Yorker.

Fifty years passed between the scandals of the 1920s and their counterparts in the 1980s. If Wall Street escapes another major threat to its integrity for even half as long, the crackdown that culminated in Milken's conviction will have proven of historic value.

On Thursday, Farrow was at the venerable New Yorker writer Roger Angell's desk, working frantically to close the Moonves piece, when Kim Masters called from The Hollywood Reporter, saying she was breaking the news about his Moonves exposé, and asked if he wanted to comment.

Don't run this," Farrow asked. "I'm still reporting." "I hear you're almost done," she said. "You're not in the newsroom," Farrow said, annoyed. Her piece would run early the next morning. She'd already called CBS for comment. That gave Farrow less than twenty-four hours.

Selling such a large stake flew in the face of everything she knew about her father. He loved content.

There's no question that the Internet generally, and Netflix specifically, upended the traditional content-distribution supply chain and caused profound changes in the entertainment industry.

Many people in London - and in the rest of Europe - view giant American technology companies, and Uber in particular, with intense suspicion and resentment.

Historically, corporate aversion to politics has at times held firm even under national leadership that threatens the health of the economy, and with it the well-being of every company.

Under Armour's success depends in part on endorsements from celebrity athletes, many of whom - like Stephen Curry, the basketball star - are African-American.

The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be taxed at a much lower rate than ordinary income? Capital assets are owned overwhelmingly by the rich.

Many tax experts say a key element to any fundamental overhaul is getting rid of certain deductions for businesses - the 'special-interest giveaways that are masked as tax breaks,' as House Republicans describe many of them in their own proposal.

The real estate lobby has prominent allies in both parties. After the last major overhaul of the tax code, in 1986 - under a Republican president, Ronald Reagan, a Republican Senate and a Democratic House - it was a Democrat, Bill Clinton, who signed legislation that restored lost real estate tax breaks seven years later.

The appreciation of capital assets is already taxed at an extremely favorable rate compared to labor. That's why the rich pay such a low effective tax rate no matter what their marginal tax bracket.

Almost everyone agrees that corporate tax rates need to be cut because of global competition. Companies should not be able to stash earnings overseas tax-free.

The Joint Committee on Taxation estimated that in 2016, the corporate income tax raised $300 billion in revenue, while what it called 'targeted subsidies' cost about $270 billion. In other words, Congress could eliminate the subsidies and cut the corporate rate nearly in half without any significant loss in revenue.

Republicans seem to be gambling that most Americans won't care about a few rich private equity managers if their own taxes go down, their stock portfolio goes up, and economic growth accelerates.

The rationale for eliminating the alternative minimum tax is that such a backup system should not be necessary if the tax code is fundamentally fair and eliminates all the loopholes that made it possible for high-income taxpayers to escape taxation in the first place.

The A.M.T. is a parallel system for calculating tax liability intended to ensure that high-income taxpayers pay a substantial amount in federal tax even if they have large deductions or other items to offset income.

Seattle was hardly a tech magnet before Amazon, Microsoft, and then a host of once-fledgling technology firms set up operations there.

The idea that content is king has long rested on the notion that distribution - in whatever form it takes - is a low-margin commodity, and the biggest share of profits flows to the creators of original programming, who can sell to the highest bidder.