How is a stock like an equity bond?

Warren Buffett described his philosophy of viewing stocks as ‘equity bonds’ in a 1977 Forbes magazine article and subsequently in a speech at Columbia Business School.  In her book, Warren Buffett and the Interpretation of…

Fiction: Eppur Si Mouve

In the days before they were a couple, but after they were an item, Thomas and Hannah spent their Saturday evenings on Capitol Hill in the apartments of the same young policy wonks with whom…

Think like a hedge fund manager

I’ve been on an investing book kick lately, and I recently read Joel Greenblatt’s classic (from the 90s), You Can Be A Stock Market Genius.  Michael Lewis mentioned the book more than once in The…

Why do wages rise in a recession?

This morning, Rutgers University released its Labor Scorecard, which confirmed the high unemployment figures published by the Labor Department earlier this week.  Someone in the PR department at Rutgers caught this report on its way…

Top 14 Financial Resources on the web

Special thanks to Andrew, and to our Economics Editor for their contributions. Real Clear Markets Topics and discussions of market-related news from the world of business, economics, finance, and the political economy. Financial Times The…

Is book value meaningless?

In Warren Buffett and the Interpretation of Financial Statements, the price to book ratio is not presented as a particularly useful metric for investors.  But studies show that stocks with low price to book values,…