Last Monday’s bankruptcy petition of UAL, parent company of United Airlines, will prove to be a watershed moment in the history of air travel. The free market has broken down and can’t fix things: the dominant players have developed an…
I recently bought a new humongous SUV. It’s the color of a school bus and just as large. Even though I have mountains in my backyard and live in a desert, I haven’t taken it off road. Still, I give…
Rudy Giuliani has been on a hot roll for so long that maybe he can be forgiven for thinking it will last forever. He spent two terms as an effective, popular mayor, a Republican in a Democratic stronghold. He chose…
My uphill battle, in promoting my new book, The 5 Minute Investor, is against the popular conception that the reasons behind everyone’s stock market losses have to do primarily with (a) fraud, and (b) the difficult nature of understanding big…
I have to turn in my post-election column before the election has taken place, so my commentary is unaided by election results. That didn’t stop anybody in 2000, so it’s not going to stop me. I’m predicting an outcome of…
Steve Case was once considered one of the coolest guys in the world. He built, practically from the ground up, the 800-pound gorilla of the Internet, America Online. The company made giant stock profits for millions of investors. Even Al…
President Bush says he will give diplomacy one more try. Whether this is just a head-fake toward peace designed to gather some international support or a real attempt to avoid war with Iraq, we owe it to ourselves to explore…
The ImClone insider-trading case has to be the goofiest show running. Some day, I’m going to write a movie script about it. It will rival the Amy Fisher-Joey Buttafuoco story for tawdriness. Is Insider Trading Worse If You Do It…
Nearly two years into his presidency, George W. Bush may finally be getting it. He talked about Iraq on TV and said he would intervene in the dockworkers’ lockout, and Wall Street actually rallied. Maybe this is the beginning of…
During Summer 2000, when the stock market had just passed what would become its all-time peak, I wrote an article for a now-defunct magazine called Online Investor about a brilliant investment strategy in which I made $75,000 in four months….