On the afternoon of Sunday, September 28, 1941, it was cool and damp in Philadelphia. Inside Shibe Park, where the hometown Athletics were suiting up to face the Red Sox, all eyes were on the Sox's 23-year-old slugger, Ted Williams. It was the last day of the regular season, and Williams' average [...]
From Las Vegas to Washington
Sometimes a joke is clearly just a joke, like this bumper sticker, which I saw recently: To be sure, every joke has a kernel of truth. But, most people who play the lottery do know, rationally, that Powerball isn't a reliable route to retirement. Sometimes, though, it's not as easy to make [...]
My portfolio
I'm a big believer in transparency, so today I'd like to tell you a little about my own personal portfolio. As you might guess, the overwhelming majority of what I own is allocated to simple, low-cost index funds — the same things I recommend in my writing and for clients. That is true almost [...]
How to manage your financial worries
Yesterday I opened Money Magazine to find these rosy predictions: “All markets are increasingly at risk.” “Some stocks in America are turning into a bubble...It's going to collapse. It's going to be the biggest in my lifetime.” “It's going to be agonizing. There won't be anywhere to hide.” To [...]
What the mystery shoppers found
Some years ago my cousin Jim was hired by a local restaurant owner to serve as a “mystery shopper” in his own restaurant. Each week Jim would go to this restaurant, sit down for a meal and then report back to the owner on his experience. Not surprisingly, this restaurant, whose owner takes quality [...]
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