Robert Soros, son of billionaire hedge fund manager George Soros, has a surprising explanation for his father's success: “You know the reason he changes his position on the market or whatever,” Robert says, “is because his back starts killing him.” You read that right: The junior Soros attributes [...]
Breaking free from the quicksand
A little while back, a friend — let’s call him Paul — recommended a book with an unusual title: How Not to Die. As you might guess, it’s about health, nutrition and longevity. Since Paul is a cardiologist, and knows a thing or two about what can land people in the hospital, I took his recommendation [...]
Today’s market movements
As you may have read, the stock market had a difficult day today, with the S&P 500 and the Dow both down more than 3%. Many individual stocks, especially Technology stocks, fared worse: Google was down 5%, Amazon was down 6%, and Netflix was down 8%. For reference, the market's typical daily [...]
A Rorschach test
The stock market this year reminds me of one of Rorschach's inkblot tests. Year-to-date, U.S. stocks have gained nearly 10 percent, but it's very difficult to know what to make of it. Bulls point to this year's tax cuts and believe that the market makes complete sense. Bears, on the other hand, [...]