Things Are Not Always What They Seem

Things aren’t always as they appear.  Even less often are they what we want them to be.   Apply this to investing.  When making investment decisions, it is common to consult the annual reports of the companies under consideration.  Unfortunately, in the recent past,...

All That Glitters

Sirach 31:5   One who loves gold will not be justified.  One who pursues money will be led astray by it. What a year this has been.  Bank and brokerage firm failures.  Sub-prime mortgages and housing market crashes.  Government bailouts of Citigroup and GM.  Credit...