My Favorite Post of the Year (So Far) Those who talk, don’t know. And those who know . . . don’t talk. –Lao Tzu Better to keep your mouth shut, and let people think you’re an idiot, then open it and remove all doubt. –Mark Twain What’s going to happen in 2012? Hell if I...Read More
Tapping Corporate America’s Cash Hoard to Reward Investors & Stimulate the Economy Money is like manure; it’s not worth a thing unless it’s spread around. –Thornton Wilder Let’s see if I’ve got this right . . . The economy is decelerating now because the federal stimulus to date has run its course, and additional federal...Read More
Explanation for Jumpy Markets Want a(nother) reason for heightened stock market volatility? More investors are switching from buy-and-hold to “FIFO”: first in, first out — and ask questions later. Such is the aftermath of a decade-plus of negative overall stock market returns. And that’s before inflation. As I’ve blogged before, welcome to “risk without return.”...Read More
Dear Bank of America:Who Do You Think You %!#% Work For??First, a personal disclosure: my wife and I own a couple hundred shares of Bank of America. We’ve owned them for more than a decade, and they are now worth less than what we paid. Adjusted for inflation, we’ve actually lost more than one-third of...Read More