China’s leaders are hardly disguising their fears about money leaving the country. They’ve imposed new disclosure rules limiting how Chinese — who are allowed to convert up to $50,000 worth of yuan into foreign currency each year — can spend that money overseas. Simultaneously, they’re striving to tamp down worries about the tumbling yuan, which has fallen to an …

  Bridgewater, the world’s largest hedge fund, has been portrayed as a bizarre, Moneyball-type machine in which employees’ every move is monitored and assessed, increasingly by computer algorithms. Awful as that may sound, what if it’s actually a step toward a happier and more prosperous world? Granted, descriptions of the place — including a recent Wall Street Journal article to …

  Howard Marks, co-founder of Oaktree Capital Group, is one of the smartest guys I know. Each quarter, he sends out a letter to investors filled with sharp insights and observations. I find all of his letters to be worthwhile, but this quarter he played right to my confirmation bias in his discussion about experts. Here are the key concepts: …