Sometimes life hands us second chances. And sometimes the stock market too offers up a second chance. They don't come along as often as we'd like, but that is exactly what we've seen this year. After a quick and very steep drop-off starting in late-January, the U.S. stock market has recovered [...]
Expert opinion
I love the questions kids ask. This week my first-grader told me that he had heard the word "caricature" and wanted to know what it meant. I explained it, and then we went online to see some examples. In our highly politicized culture, we didn't have to look far to see some exaggerated cartoon [...]
Semi-genius
Warren Buffett once quipped that, “It's only when the tide goes out that you discover who's not wearing a bathing suit.” I've been thinking about this idea over the past week, as markets around the world have given up all their year-to-date gains, and then some. Since peaking at the end of January, [...]
Relatively normal
Ted Benna, the inventor of the 401(k) retirement plan, famously once stated that the system he created should be “blown up.” Why? It's not the fundamental structure, which he still believes in. What he doesn't like is the complexity and the costs that characterize today's typical 401(k). The [...]
King of Polka
If I told you the story of Jan Lewan, you might think I was making it up. Born in World War II-era Poland, Lewan emigrated to the United States and settled in rural Pennsylvania. Gregarious and musically gifted, Lewan soon achieved small-town fame as “The Polka King of Northeast Pennsylvania” and [...]
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