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Warren Buffett cautioned students to avoid borrowed money during a question-and-answer session at Notre Dame in 1991. He used Donald Trump’s troubled casino investments to explain the life lesson. “I’ve seen more people fail because of liquor and leverage – leverage being borrowed money. Donald Trump failed because of leverage. He simply got infatuated with […]

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The White House is looking at the U.S. trade fight against Japan in the 1980s and 1990s for lessons in its trade battle against China. But the two eras are as striking for their differences as they are for their similarities. U.S. trade officials admire Ronald Reagan’s use of tariffs to get Japan to open its […]

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