Diego Segura

Assume, again, a one percentage- point drop in the bonds’ respective yields. In that case, the U.S. Treasury 1.875s of 2051 would rally by 24%, to 74.30 from 60.15, and the on-the-run 30-year Treasury, the 4.125s of 2053, by 19%, to 116.69 from 97.91.

Total consumer debt in

America is nearly $2.4 trillion. Out of that, $872 billion is

revolving debt, which is essentially credit card debt.

It’s very rare to be cult, and it’s even tougher to stay cult. And I think how we measure it is very subjective. But I would say it’s stuff like the number of brands that approach us for collabs. That is a strong indicator of how hot, if I may say, the brand is.

Another is when we approach ambassadors to work with us. You know, we’re a relatively... See more

(Which, presumably is why, once upon a time Lloyd Blankfein , the former C.E.O. of Goldman Sachs, told me that he spends 98 percent of his time worrying about things with a 2 percent probability of happening.)

HANS ULRICH OBRIST buys a book everyday. It is a ritual he started about 20 years ago. He buys the books at different places, wherever he happens to be. But he especially likes to perform this daily Tarkovskian ritual at a place he refers to as “paradise”: the Walther König bookstore.

“It was fun winning all the CFDA awards. What evaded was creating a real business.”