An Experiment in Scotch

I’m gonna give you a quote I just read on Money.com. You just let it sink in for a minute (empha­sis mine): “At $2 a share, you might as well just let them go bank­rupt,” said Fred J. Wal­lace, a Hous­ton retiree who owns 1,500 Bear Stearns shares, which he bought last month. Wal­lace, 62 years …

I lis­ten to WRR on my daily com­mute and Smith Bar­ney cur­rently has a com­mer­cial out with some woman appar­ently whin­ing about how she and her hus­band don’t know how to talk to their kids about money. They can talk about sex, drugs, smok­ing but money? Not a clue. The ad tries to con­vince you …

Or so the adage goes, though it cer­tainly looks like it may hold a ker­nel of truth when applied to the stock mar­ket. The DJIA crashes 400 and change today, the largest loss since the day mar­kets opened after 9/11. The Chi­nese mar­ket took a dump over night and that cas­caded through the intestines of …

On my cur­rent read­ing list is The Intel­li­gent Investor and so far, I’m pretty pleased with it.  I’ve read the first two chap­ters and am already rethink­ing how I eval­u­ate stocks, bonds and investments.  The dif­fer­ence between invest­ing and spec­u­lat­ing alone is worth the price of the book.  In our cur­rent state of infor­ma­tion over­load, …