The first (and only) time I was ever subpoenaed by the S.E.C. was 25 years ago, in connection with a high-flying company I had worked for whose stock had crashed and whose president subsequently went to jail.
I just remember their being a little surprised I didn’t come with a lawyer — well, all […]
A few days ago I shared my shaken faith in Robert Leroy Ripley, the New York City sports cartoonist who, in 1918, at the age of 25 found himself stuck for something to draw. According to the keepers of his legend, he “dug into his files where he kept notes on all sorts of unusual […]
Bill Lerach is king of the “strike suits.” These are class-action lawsuits brought on your behalf (like it or not) against companies you may own shares in (which drives down the value of your shares if you still own them) but makes the lawyers a pile of money. Lerach’s San Diego firm takes in tens […]
Yesterday I suggested that only Jack Kemp, of the Dole/Kemp ticket, actually believes in a 15% income tax cut right now. Tax-cut talk is a good way to buy votes, but not appropriate fiscal policy when the economy is expanding. Save it for when, say, you are trying to climb out of a recession […]
Poor Bob Dole. He’s not a bad guy, has been a fine American and a good Senate Majority Leader. But unlike Bill Clinton, who deeply wanted to be President not just because it’s the top prize, but because he so strongly believed in the importance of education and universal health insurance and reinventing government and […]
Oh, sure. This could be one of those daily comments that tells you why the stock market went up or down yesterday or, better still, what it will do tomorrow.
“A crash is no more than weeks away,” famed market seer Granville told Barron’s last September. “Sometime over the next month and a half, we […]
I think that in your May 14th comments on the American Express Rewards Program you should have mentioned that membership costs $25 per year (1st year waived) and $50 to enroll using a Corporate American Express Card. I’m sure Mr. Broad doesn’t worry about the fee, but […]
Simply put: I want to put away a lump sum in a mutual fund NOW to pay for my 8 week old daughter’s college (yes, I will cost average it over several months). How about ranking several aggressive growth/small cap long term funds for me (or any other funds you think would be appropriate). Dave […]
Have you seen what’s happened to the prices of caves in Southern Spain lately? A perfectly adequate two-bedroom cave that sold for about $150 ten years ago now fetches nearly $8,000! This according to last February’s issue of a newsletter called International Living. (Thanks to Los Angeles Photographer Pieter Lessing for sending it to me.)
My dad, who was a captain in World War II, told me more than once that if you want to estimate the range of a target and have no sophisticated equipment for doing so, just ask everyone in your platoon. The estimates you get will vary wildly, but the average will be remarkably close. I […]
Quote of the Day
On Hollywood Squares, gay comedy writer Bruce Vilanch was asked: You are the most popular fruit in America. What are you? His answer: Humble. (The correct answer? Banana.)~.
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