“Pig in a Poke” dates back five centuries and once meant purchasing a piglet in a sack sight unseen. It’s something two trusting business partners might do to save time. It has come to mean buying something without good knowledge or even worse, being scammed. Letting the cat out of…
As the mania around the U.S. presidential election escalates, let’s be realistic. No matter who is the next President, his…
Imagine a United States mostly poor. If the sun rose in the West, would there be a San Francisco Post…
This title is borrowed from a former partner, Arnold Danielson, who wrote a terrific history of modern American banking titled Consolidation…
As interest rate cycles go, it’s been a long one, and a 25 basis point increase is not a clear…
Deposits are the raison d’etre for the banking industry. The business exists to use the liquid savings of the nation…
In the Washington area, we live in a fairy land. The credit crisis spawned a massive increase in government expenditure. …
In the past several days in US equity markets, the tension thickened and suddenly the air was sucked out. A…
It is all too easy to forget the most elemental principle when investing money. A stock mutual fund manager must…