A couple of days ago, James Bianco, chez Ritholtz, noted a WSJ article entitled “Dividend Stocks Become the Heroes”: This year, the 100 stocks in the Standard & Poor’s 500-stock index with the highest dividend yields are up an average of 3.7% before dividend payouts, according to Birinyi Associates. The 100 lowest-yielding stocks are down […]

First, there was Fred Schwed’s Where are the Customer’s Yachts?, which is still the standard bearer for why Money Managers are overpaid. Now (via the NYT) there is The Investment Answer (preface here [PDF]). The Prologue opens more Matt Taibbi than Jason Zweig: Wall Street brokers and active money managers use your relative lack of […]

Among the people who have been updating The Theory of Finance for the ObamaNation is Gregg Sommerville, whose job depends to some significant extent on people not believing the following riff: More music below the fold. The Bailout Rap and the Subprime Mortgage Blues

Did no one in Georgia pay attention in the 1980s? It’s not just reputations that are on the line. Board members, also known as directors, could be held personally liable for a bank’s demise. Experts are expecting a wave of lawsuits against directors to be filed in Georgia over the next year or two as […]

I don’t like talking about stocks. I believe the market is rigged, that the allocations do not favor the investor who is not also a senior executive of the company and/or a member of the Board of Directors, and that reported profits and losses on a quarterly basis is a lousy way to run a […]