To paraphrase the 17th-century philosopher Thomas Hobbes, the tenure of a corporate executive can be "nasty, brutish and short." Indeed, many CEOs and chief financial officers last just a few years on the job before the board decides that fresh blood is needed.
It's hard not to laugh at the irony of recent central bank currency actions.
When I was a broker this phenomena was explained thusly: Individual investors don’t make money in the market, they just borrow it from the institutional investors for a while.
Recently I was interviewing potential new writers for a financial newsletter, which I’ve been asked to help launch, and one of them (a professor of economics) told me that “the financial markets and the economy are two different beasts entirely.” Where do people get such ideas?
We recommended a “buy” on V.F. Corp. on February 15. The stock is up $16 since then. Growth stock investors and growth & income investors should jump in here.
Apple’s most significant positive attribute is that all of their real value resides in their non-taxable overseas cash accounts. If they relocate this money back to the U.S., they will be taxed — making this a very foolish idea.
There used to be a time when governments sought to so structure financial markets and banking in such a way to engender confidence in the system, not to systematically erode confidence
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