In 2020, electric car maker Lucid Motors brought in revenue of $4 million. Five years later, sales had risen impressively, to more than $1 billion. In 2025 alone, sales grew 68%. That sounds like a success story, and through that lens, it is. And yet, over that same period, the company’s stock [...]
The winner’s curse
There’s been drama recently in a normally quiet corner of the market. This story got its start back in 2015, when Warren Buffett helped to merge food makers Kraft and Heinz. At first, it looked like a smart idea. Through cost-cutting, the combined company was expected to save more than $1 billion [...]
Managing market risk
Critics of index funds are pursuing a new line of attack. Passive investing, they argue, is distorting market prices and creating an unhealthy bubble. To be sure, the market today is expensive. The price-to-earnings (P/E) ratio of the S&P 500 stands at about 22. That’s substantially above its [...]
Trimming Your Tax Bill in 2025
The June 16, 2021 edition of the Washington Post carried this headline: “Cristiano Ronaldo snubbed Coca-Cola. The company’s market value fell $4 billion.” The incident in question had occurred a few days earlier, at a press conference in Budapest, where the soccer star was set to play in a [...]
What we’ve learned
This year saw the passing of two giants of the investment world. The first was Harry Markowitz, who in the 1950s developed a concept now known as Modern Portfolio Theory. Markowitz’s key insight was one that today we view as so fundamental that it’s easy to take it for granted: Markowitz was the [...]
- 1
- 2
- 3
- …
- 8
- Next Page »
