Last week, the story broke that a couple of Lucent employee's stole some of the companies proprietary internet software and sold it to China. As shocking as this is, it points to a greater problem the should be of concern to investors. Industrial Espionage. Its not just our "enemies" doing it. Our friends do it to us and our government doesn't do much to protect our companies or our shareholders.More...
This week the two houses of Congress are going to be voting on budget and tax guidelines. The score is pretty much what I predicted in this column months ago. A tax cut of $1.35 Trillion with discretionary spending increases of 4.9% will be passed. Now the real fun begins.More...
In real life, I'm a systems administrator of large servers that run HP-UX and have a lot of Oracle products on them. This week, I got an inside track on possible earnings troubles at Oracle Corporation.More...
Last weeks employment numbers fulfilled the fears of many. Hardly a surprise, but months of job losses finally pushed up unemployment figures. In reality, the markets should have taken this as a positive development.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
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