So you think this year has been a horrible one for stocks. You are right about that. We are well on our way to the first three year consecutive decline in my lifetime. Whether you blame terrorism, war or overvaluation in the 1990's the fact remains that it has been a very, very bad year. It is however, not an impossible year to make money.More...
George W. Bush's Middle East policy speech last week broke new ground in the arena of diplomacy and politics. It told the truth, feelings of the parties be damned. It set out a clear, moral stand as to where the United States stands on the war on terror.More...
Much of the web content of this web site is presented on a server, in our offices that used to run Red Hat Linux 7.2. We had downloaded and burned the CD's for 7.3 but simply hadn't gotten around to actually running the update. Last Saturday night, we did.More...
In a flurry of negative news, the stock market held up quite well. A pretty decent comeback from revelations of massive accounting fraud at Worldcomm was wiped out by another massive fraud at Xerox, which did not fully come to light until after the close on Friday. We expect another tough week, devoid of real progress.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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