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One of the Greats Has Fallen – R.I.P. Milton Friedman
Reading Time: 2 minutes
Milton Friedman, the great popularizer of free markets and “Monetarism”, emphasizing the importance of monetary policy in contrast to Keynes emphasis on fiscal policy, is dead at 94. Friedman was one of the important intellectual voices in the movement towards…
Time Well Spent – A Couple Hours with The Wall Street Journal
Reading Time: 6 minutes
A starting point for becoming knowledgeable about business and finance is simply to read The Wall Street Journal everyday. If you just do that, you’ll find your knowledge and understanding growing all the time and you’ll be way ahead of…
The Irony of a Blackstone IPO
Reading Time: 4 minutes
Hypocrisy n. : 1. The practice of professing beliefs, feelings or virtues that one does not hold or posess; falseness. 2. An act or instance of such falseness. CNBC and The Wall Street Journal yesterday broke the news that private equity…
Did Steve Jobs and His Executive Team Steal $40 Million From Apple Shareholders in 2001? ; Truth vs. Power: Even If He Did, He’ll Be Untouched
Reading Time: 7 minutes
Ever since reading Steve Jobs phenomenal graduation speech at Stanford University in 2005 I’ve been a fan and a believer that he was a business leader with a solid moral center. But a startling front page article (subscription required) in…
Somebody Knew About News Corps’ Bid For Dow Jones – And Made a Killing
Reading Time: 2 minutes
An interesting little post (subscription required – ???) over at the WSJ’s Deal Journal blog: Trading [in Dow Jones options] was particularly heavy April 17 – the day we’re told the approach from Murdoch was made – and last Wednesday,…
Bed, Bath & Beyond Cuts First Quarter Outlook; Federal Trade Commission Seeks To Block Whole Foods/Wild Oats Market Merger
Reading Time: 6 minutes
In other news from today, home furnishings retailer Bed, Bath & Beyond (BBBY), an $11 billion, S&P 500 company lowered its outlook for its 1st quarter ended Saturday June 2. It expects to earn between 36 and 38 cents per…