I heard/read two very smart things recently, and I felt you should hear them, too:
“FDR and his crowd were great actuaries. When they instituted Social Security, average male life expectancy was 62 and the retirement age was 65.”
— Sam Nunn, speaking informally to a group of progressives
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I read your column on mutual funds, and your penchant for the Vanguard Index 500. I agree, that is the only one I would recommend myself.
However, you also mentioned that it is very difficult to beat the market. On that note, a method was developed by Michael O’Higgins and refined by the people at […]
So we’re all watching the O-lympics — which is a lot healthier, if you ask me, than when we were all watching the O-J show — and all anyone can think of are “the thrill of victory and the agony of defeat” (as one TV network used to put it). Certainly a lot nobler sounding […]
No, this is not a comment about the new anti-matter mutual fund group. It’s just that yesterday I made a passing reference to a handwritten Albert Einstein letter I had acquired — the smartest man in the world (fight promoter Don King, I am guessing, is second smartest, judging from the hair) writing on […]
I am having addiction problems. It used to be just computer Scrabble — I actually have that one fairly well under control. Go to meetings only once a week, now. Shrink says I’ll never fully shake the urge to double click that icon, no matter how deep on my desktop I bury it. I just […]
I ate my first ostrich out at the beach this past weekend. Eddy the butcher had apparently been asked by one of its better customers to order ostrich for some special occasion, and either the customer changed his mind or else there was some left over — whatever the deal, Eddy asked me whether I […]
Have you already recommended the ‘low expense no-load mutual funds’ that you like?
If not would you? Thanks. — S. Ruch
1. The various Vanguard index funds, because their super-low expenses mean you are almost certain to do better than the majority of your fellow stock market and mutual-fund investors — though […]
Did you have fun last week?
“The U.S. stock market is behaving like a thermodynamic milkshake: there are easier ways to gain 9.25 points, as the Dow did Tuesday, than by exploring a 220-point range, with a stunning 680 million shares traded.”
— Mark Anderson, STRATEGIC NEWS SERVICE
(SNS is a high-level, high-tech […]
“As a parent who oversees the contribution of $2,000 each to IRA accounts for two summer employed college student sons, I urge you to tell everyone to do the same. Or is there some new tax angle that would not make it as prudent as I think it is?”
Yesterday we cured the common […]
Robert Leroy Ripley was a sports cartoonist for the New York Evening Globe. He drew his first “Believe It or Not” December 19, 1918. It showed, among others, a Canadian who ran the 100-yard dash in 14 seconds — backwards — and a Frenchman who (believe it or not) actually held his breath underwater […]
Quote of the Day
Market economics as currently practiced often ... includes only what's countable, not what counts.~Rocky Mountain Institute
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