How is a stock like an equity bond?
Warren Buffett described his philosophy of viewing stocks as ‘equity bonds’ in a 1977 Forbes magazine article and subsequently in […]
Finance
Finance
Think like a hedge fund manager
I’ve been on an investing book kick lately, and I recently read Joel Greenblatt’s classic (from the 90s), You Can
Finance
Why do wages rise in a recession?
This morning, Rutgers University released its Labor Scorecard, which confirmed the high unemployment figures published by the Labor Department earlier
Is book value meaningless?
In Warren Buffett and the Interpretation of Financial Statements, the price to book ratio is not presented as a particularly
Finance
Honest investments: how do your stocks rate?
Yesterday, in the wake of the AIG bonuses scandal, I made an argument for the creation of a Corporate Honesty Index. I continue that theme today by listing a few methods for judging the honesty of publicly traded companies.
Finance
Do we need a corporate honesty index?
It’s Sunday, and the talk shows are all aflutter over AIG’s plans to pay $165 million in bonuses, even as the ink has yet to dry on its $170 billion bailout check. Former US Treasury Secretary Larry Summers says the governments hands are tied. Are our hands tied as well?
Finance
Philip Fisher: Warren Buffett’s lesser-known mentor
After reading Mary Buffett’s excellent book on securities analysis, I summarized the major things that Warren Buffett seems to look for in a stock. That book focused primarily on Buffett’s lessons learned from Benjamin Graham, but Buffett’s investment strategy was also influenced heavily by the lesser-known Philip Fisher.
Finance
The paradox of gluttony in a malfunctioning economy
George W. Bush (remember him?) famously pointed out, early in the economic crisis, that as gas prices rose, fewer people
Finance
Minsky Moment: the ‘third horseman’ of the economy
Two opposing economic theories have driven investment strategy and economic regulation over the past century. Recently a third theory, largely