I found this FORBES article interesting, as it confirms one of my own criterion for making it into my portfolio:
Roger Ibbotson has devoted a career to answering a question that has defied the greatest minds of finance. Namely, why some securities offer better returns than others, even when they have a close resemblance.
Now a 67-year-old finance professor at Yale University, Ibbotson thinks he’s discovered the answer. It’s liquidity. Or the lack of it.
“We recognized something unnoticed was going on in the marketplace,” says Ibbotson.
What’s going unnoticed, he believes, is that investors shy away from thinly traded stocks the same way diners avoid empty restaurants. Such behavior might make sense when a diner is willing to put up with a mediocre meal at a crowded chain restaurant to avoid the risk of food poisoning at a quirky neighborhood joint. But with investing, Ibbotson argues, it’s a costly mistake. That’s because his research indicates that thinly traded stocks tend to do better over time than their more actively traded cousins….[Rest of article]
I wrote critically about a particularly gory Grand National in Britain some years back. I have relatives that were in the horse-racing biz all their lives and if you love horses, your stomach turns at watching the earlier video (click on the link if you must). However, this one with Shetland ponies is kind of cute:
Ok, first you have to draft me to run for President and then actually do the campaigning for me. I’ll be napping.
Wake me up for the Inauguration, and I will give you an Inauguration Speech for the Millenium–but let’s have it indoors, since it gets cold in January in Washington, D.C. (Just ask President William Henry Harrison).
The NY TIMES has put up an interactive “fix the budget” site, and I went through it and was able to trim the fat without much trouble at all.
Our friends at AL QAEDA, Bombs and Pieces Be Upon Them, are now allegedly into their third issue of INSPIRE Magazine–their (thoughtfully) English-language magazine for…well, for English-speakers, I guess.
I’m not sure what their motivation is to reach the English-speaking world unless it is, gulp, FEAR!!!!
Anyway, I haven’t read this month’s issue (and a little GOOGLING will find you the other 2 alleged issues–there is some dispute as to the authenticity of these), but in the event that you want to, well, here it is in a handy PDF format for loading onto your iPhone or whatever.
Let me know if anything in there, um, “inspires” you as to the Wisdom of their Cause.