My Two Cents
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Good jobs report
Jun 1, 2007
The jobs report came in better than expected. Payrolls increased by 157,000, and the jobless rate stayed at 4.5%. Government staticticians also...
The Private Equity Question?
May 25, 2007
Not everyone is going to agree with me, but leveraged buyouts (LBOs) in the 1980s were mostly a positive influence on Corporate America. Yes, many...
More Open Borders, Please
May 25, 2007
A good commentary on immigration by Michael Mandel at Business Week....
Jeremy Grantham
May 25, 2007
Jeremy Grantham is a legendary value investor. He's also the founder and chairman of GMO, a Boston-based global investment-management firm with ...
A Ridiculous and Irresponsible Dodge
May 25, 2007
We warned that this might happen on Marketplace Money, but I am still stunned....
Ethanol bubble?
May 25, 2007
It has been a busy week, so I'm just catching up on some reading I had put aside. The Star Tribune last Sunday had a good story on ethanol: "Will...
Sell, Warren Buffett?
May 16, 2007
Okay, Warren Buffett doesn't need any financial advice from me. But it's free, so here goes....
For public good, not for profit.
Business Historian Alfred Chandler, Jr.
May 15, 2007
In the history of business, B. C. stands for Before Chandler. The Harvard Business School professor transformed the study of Big Business in...
Inflation? What inflation?
May 15, 2007
More evidence that inflation isn't a concern, no matter what the Fed says. Today's inflation report has core consumer prices up 2.3% in the 12...
Charley Munger
May 11, 2007
Charlie Munger is Warren Buffet's long-time investment partner at Berkshire Hathway. He's less well-known than Buffet. But he too is a genius at...