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Commentary Home: June 2011

7 Lessons from the 4th of July

We are now officially in the summer season with the rain finally behind us so we can get on with our outdoor vacation plans (which may include skiing in July for some). With Independence Day weekend just a few days away, I thought I'd take a moment to remember the events that led up to our nation's birth 235 years ago.

There are lessons to be learned from Independence Day, great lessons (and stories more ...

June Gloom...err, Gloomier

"In the short run, the market is a voting machine but in the long run, it is a weighing machine," said legendary investor Benjamin Graham.

These words by the father of "value" investing succinctly define the way the financial markets operate. The "voting machine" involves high frequency trading, trading on the news, capital flows reflecting investor risk appetite, among other things, all rolled up into more ...

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