Central Banks: Origins, Influence, and Lessons for the Value Investor

Central banks, led by institutions like the Federal Reserve, sit at the heartbeat of modern finance. They issue currency, influence interest rates, and manage liquidity. They shape government borrowing costs, ripple through corporate finance, and dominate market headlines. Yet for the value investor, their role is context, not control. They do not build productive businesses—they … Continue reading Central Banks: Origins, Influence, and Lessons for the Value Investor