Do we need a corporate honesty index?

It’s Sunday, and the talk shows are all aflutter over AIG’s plans to pay $165 million in bonuses, even as the ink has yet to dry on its $170 billion bailout check. Former US Treasury Secretary Larry Summers says the governments hands are tied. Are our hands tied as well?

Philip Fisher: Warren Buffett’s lesser-known mentor

After reading Mary Buffett’s excellent book on securities analysis, I summarized the major things that Warren Buffett seems to look for in a stock. That book focused primarily on Buffett’s lessons learned from Benjamin Graham, but Buffett’s investment strategy was also influenced heavily by the lesser-known Philip Fisher.