I spent a lot of time around Rudolph Giuliani in the 1980s, when he was Manhattan’s U.S. attorney and I …
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Rudy Meets The Three Stooges
How Important Is Asset Allocation?
Every so often an academic study comes along that changes the way we think about investing. One such study, published …
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Choppy Waters: Swimming With Hedge Funds
Hedge fund investors had good reason to be frustrated in 1998. First, despite the aura of risk reduction in which …
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Publisher’s Estate Wins 21% Valuation Discount
A prominent publisher’s estate apparently saved more than $3 million in taxes when a federal appeals court allowed a 21% …
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The Groundhog Faces The Music
When I was a college intern for the daily Missoulian in Montana, I wrote a couple of editorials that were …
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A Promising Investment and Cutlery, Too
Would you be interested in a tax-sheltered investment? One that is guaranteed to return your principal to your family if …
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Hedge Funds Can Reduce Risk While Causing Ulcers
Until recently, hedge funds were seen as cash machines for institutions and weal thy individuals. In some circles today, the …
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Market Roller Coaster: Thrill Ride Or Train Wreck?
Judging from the financial press at the time, Russia’s mid-August default and the ensuing swoon in global markets was a …
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Professionals Play Monopoly
With advanced education and privileged access to the movers and shakers of commerce, lawyers and accountants know first-hand how much …
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Picking Up Asia’s Fallen Dominoes
The fall of the Asian market dominoes was the biggest investment story of 1997 and may have created the biggest …
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