Retro styles are in vogue. Unfortunately, so are retro economic conditions. The world, and the United States in particular, may …
Read More
One Man’s Junk Is Another Man’s Treasure
Rational, unemotional investors create an orderly and efficient securities market. But sometimes fear takes over, buyers stop buying and the …
Read More
Revisiting The Clear Channel Deal
It must be summer: Shareholders of Clear Channel Communications are voting, once again, on whether to accept a buyout of …
Read More
Making The Best Of Bonds
With higher inflation, interest rates rise, potentially very quickly. As interest rates increase, conventional fixed-rate bonds depreciate because investors demand …
Read More
