By Robert E. Rubin

My advice to those new in government work is to approach the job with modesty. While government can benefit from a business perspective, government can’t and shouldn’t be run like a business. This is in part because government work requires skills and knowledge one doesn’t acquire in business.

By Robert E. Rubin

I discussed the equity market outlook for 2024 with several fellow advisers to an investment fund a few weeks ago. They were optimistic about the prospects of the U.S. economy achieving a soft landing. Like many Wall Street economists I speak to, they based their view on a conventional analysis of a range of economic factors, from Federal Reserve policy to consumer spending. I think the outlook is more complicated.