Tony Spina: ‘Three months ago I sent an e-mail to you saying that I didn’t see it as important who the Government rebates tax money to because it all ends up in the “economy” somewhere. Your reply then, and your writings since then, have been consistent with a position that it does matter who touches […]
Margaret Conomos: ‘I heard you speak at Barnes & Noble in DC recently. I advised my mother to buy 200 shares of Borealis based on your recommendation. It was about $5.35 then, last time I looked it was $3.80. Any advice? Why is it dropping? Hold? Sell?’
☞ Several things to say about this. First, […]
Click here. It’s the Enron testimony of my friend Jim Chanos. I commend it to you on several levels. First, it gives you some sense of what security analysis should really be like – the homework, expertise, integrity and critical thinking required (that few of us – and few mutual fund managers or Wall […]
WHEN SHUFFLEBOARD IS NO LONGER AN OPTION – PART 2
Thursday, I wrote a word or two about what people think of as ‘nursing-home insurance.’ Today I realized that one of the many clippings I’ve been carrying around, meaning to write about, is Jonathan Clements’ recent excellent analysis in the Wall Street […]
David Smith: ‘Check out this very good article by Bill Gross of PIMCO about long-term trends.’
☞ Bill Gross is so smart! I got to interview him for a PBS series years ago, and he just blew me away. Here’s what I wrote about him in this space on December 11, 1997:
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YOU HAD A TRAIN?
Along the lines of Monday‘s ‘count your blessings’ column, I had lunch a day or two ago with my friend Meyer Berman, an investor of considerable renown and generosity – and earthiness – who tends to get sentimental about his good fortune and his great country. He told me […]
The Miami Herald
January 27, 2002
FLORIDA SLASHING CARE FOR DRUG ADDICTS
By Carol Marbin Miller
In a state where nearly a third of all crimes are drug-related, the Department of Corrections has approved a budget cut that will eliminate the bulk of drug treatment among inmates and greatly […]
BUT FIRST A JOKE
Forwarded by a neutral party: The Prime Minister of Israel, Ariel Sharon, sits down with Yasser Arafat at the beginning of negotiations to resolve the conflict. The Prime Minister requests that he be allowed to begin with a story. Arafat assents.
Sharon begins his story: ‘Years before the Israelites came […]
Our American Airlines 777 had landed in Miami – 20 minutes early – and those of us in business class were right there by the door, waiting to deplane. The jet bridge wasn’t meshing with the door properly, and there was some understandable foot tapping. But the fellow next to me became really annoyed. Where […]
(Like yesterday’s column, this one is adapted from a column I wrote for Time a decade ago.)
A broad tax break for capital gains, as has been pushed by some, would be expensive and dumb.
To begin with, applying the break to investments we’ve already made does relatively little to encourage new ones. Any tax […]
Quote of the Day
Shrouds have no pockets. (There's no luggage rack on a hearse.)~. . . as they say
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