Economy & Policy

So the stock market is irrational. So what?

Michael Kinsley has a new piece in Slate this week purportedly offering “proof that the stock market is irrational.” As the someday-to-be-author of a book tentatively titled The Myth of the Rational Investor (due out early next year, if I get cracking on the rewrite), I ought to agree with him. But I just can’t bring myself to. Maybe …

Why hits still matter (and will continue to do so)

Mrs. Curious Capitalist and I went to a performance Tuesday night by the Greatest Pop Singer of Our Age, Brazil’s Marisa Monte. It was swell and all, but it was also deeply weird–for the simple reason that I had no idea which songs were her hits.

I think we own every CD by Ms. Monte, a mostly enchanting 39-year-old amalgam of pop diva, …

Which options sins are committed most?

An expanded version of my post a couple weeks back about “spring-loading” and “bullet-dodging”–options practices that are less obviously illegal than backdating but still smell a little bit like insider trading–is now available in the pages of the Nov. 27 Fortune and online.

One question that I didn’t address in the article, mainly …

The Democrats are going to raise your taxes (in 2011)

During the just-concluded campaign, President Bush and other Republicans did what they could to convince voters that Democrats would raise taxes after the election. Voters didn’t seem to believe them or care, and the soon-to-be leaders of the Democratic House and Senate have been doing their best to emphasize that tax raising isn’t on …

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