Through the course of life, there are some anniversaries that we enjoy celebrating. And then there are others that we'd just as soon forget. Last week the investment world celebrated one of the latter sort: the thirtieth anniversary of the stock market crash of 1987. It is worth remembering however, [...]
Misbehaving
When someone titles their memoir Misbehaving, you know it's going to be interesting. And, as it turns out, it can also help you win a Nobel Prize. Such was the case this week when Richard Thaler, an economist at the University of Chicago, won the prize in economics. As you may know, Thaler helped [...]
Irving Fisher
The name Irving Fisher is not widely known, but maybe it should be. In his day, Fisher was a renowned economist. He graduated first in his class from Yale, received the first PhD in Economics ever issued by Yale and then went on to join the school's faculty. Despite all that, however, he is [...]
America’s first personal finance expert
WITH THE FOURTH OF JULY JUST AROUND THE CORNER, I thought it would be appropriate to revisit the wisdom of America's first personal finance author — and an author of the Declaration of Independence — Ben Franklin. Franklin lived in the 1700s, but it turns out that virtually everything he had to say [...]
Eight ways to ignore the stock market
“Stock Market Hits New High” Have you noticed headlines like this lately? Since March of 2009, when the S&P 500 Index hit a low of 666, the market has more than tripled. And it keeps going higher. In fact, headlines like this have become so frequent that they are no longer remarkable. The [...]
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