Who’s chasing ambulances now?

Personal injury attorneys who abuse the legal system regard lawsuits the way venture capitalists treat startups. Both expect 19 in 20 investments to fail. But among their portfolio of losers, there’s that one successful moonshot. Think of Peter Thiel’s 2004 investment in Facebook of $500,000 that turned into billions. One jackpot not only covers the…

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The gym death spiral

The gym business has never been about keeping the regulars happy, but rather courting the indifferent. The Washington Post summed up the situation nicely in an article about gyms and New Year’s Resolutions: “It might seem like kind of a weird business model – a business that succeeds when its customers don’t set foot in…

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The Case for RFK Jr.

Robert F. Kennedy Jr. filed paperwork to run for president last week. He’s running as a Democrat, but the terms Democrat/Republican, Left/Right mean little today. What animates U.S. politics now is the ruling class vs. the people class. Take a glance at Kennedy’s announcement remarks: “My top priority will be to end the corrupt merger…