I’ve got an article up on TIME.com about “secular bear markets” and Graham and Buffett and stuff. It will hold no surprises for those versed in value-investor lore. But, in a sad commentary on our times, I’m told that many readers of the Internets are not versed in value-investor lore. The basic message is that [...]
Commenter Linda S, who has an exasperating habit of asking questions that I don’t really know the answers to, asks regarding credit default swaps: I … have read articles that suggest that these swaps not only give people an incentive to drive a company into bankruptcy but that it provides a huge incentive to make [...]
When I worked at Fortune I used to go down to Washington to talk to Alan Greenspan about once a year. I wasn’t really trying to report on what the Fed was up to, so the conversations could range all over the place. I remember one very clearly in which Greenspan stated his opinions on [...]
Today’s trivia fun fact comes from George Hofheimer of the Filene Research Institute. I was talking to him for this story about how credit unions have been faring amid the economic tumult, when I asked if his outfit was affiliated with the Credit Union National Association, a trade group. They’re both on Mineral Point Road [...]
A reader writes: I’ve asked brokers, finance wizards and total strangers to explain what the stock market does. Yes, I understand that when a business issues new shares, it gets capitalized. And when a business folds, shareholders get the (ha ha) liquidation dividend. I also acknowledge that there needs to be some sort of vehicle [...]
