I   make a habit of reading the Harvard Business Review to check on the current degree of moral ambiguity being washed into the brains of future business leaders at America’s leading MBA factory. The September 2006 issue of the Harvard Business Review featured a lead article, “Ten Ways to Create Shareholder Value”, by Alfred Rappaport, […]

As the graph below shows, there has been a boom in the sale of new, single-family homes in the US since the late 1990s. In recent weeks, common wisdom bandied about on financial talk shows is that this housing boom was somehow caused by Federal Reserve Chairman Greenspan’s reduction in short-term interest rates during the years […]

There seems to be no doubt that, in general, a managed, diversified portfolio of US common stocks has provided investors with ample protection against inflation over the last half century. There is, however, a question as to whether a similar level of inflation-protection through common stocks will continue to be available over the next fifty […]