When we started the technology index, we wanted a good measure of the technology stocks most people own. Cisco, Microsoft, Intel and Dell. I also wanted a feel for large capitalization firms that are trying to challenge these leaders. Most of all, I was sure the market had not yet bottomed out. This index measured the trend and proved me correct.More...
George W. Bush pledged to change the tone in Washington when he arrived at the White House. He has acted in a more civil in his public remarks toward the Democratic party. During this period, Tom Daschle has played hardball partisan politics, gotten a free ride from the media and now controls the Senate. Oddly enough, Mr. Daschle does not control the Senate through any effort of his own. He controls it because George W. Bush failed to change the tone in his own White House.More...
A substantial battle between technology and man has been going on at my office during the past few weeks. Last week, both sides called in some reinforcements, but the war does not seem to be going well. The battle is between Oracle's Internet Application Server and myself.More...
The week ahead will be like the week behind it. A trading range of tight proportions. So tight in fact that we've suspended options trading for the moment. Our strategy requires the market to move in a volatile fashion, with large moves in the prices of our key stocks. The waters ahead are as smooth as glass, and there appears to be no storm on the horizon.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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