Warren Buffett’s Partner Says the Secret Is ‘Just Avoid Being Stupid’

Avoid meetings and read constantly, advises 95-year-old Charlie Munger If you avoid doing stupid things, it’s easy to make money investing, he says. Disciple of value investing godfather Benjamin Graham shares his best ideas. Columnist Jason Zweig of the Wall Street Journal recently interviewed investment legend Charlie Munger at his Los Angeles home. Munger, now […]

Target-Date Funds and Retirement: A Healthy Match?

Target-date funds (TDFs) provide an investment mix whose objectives vary over time. TDFs are marketed as a way to ensure risk is allocated appropriately. Risk-tolerance should be carefully reexamined against any fund’s investment objectives. Introduced in the late 1990s, target-date funds (TDFs) were developed to provide those investors planning for retirement an easy way to […]

Yale Prof Blames Elon Musk For ‘Catastrophic Losses’ at Tesla

Jeffrey Sonnenfeld, a dean at the Yale School of Management, has come down heavily on the flamboyant Tesla CEO Elon Musk, holding him directly responsible for the electric car maker’s first-quarter loss. Terming the loss as “catastrophic,” Sonnenfeld exhorted Tesla’s board to hold Musk responsible. The carmaker missed Wall Street estimates by four times over […]

Marlboro Man Selling Life Insurance in Bid to Curb…Smoking?

Philip Morris International, the world’s largest tobacco company and manufacturer of the Marlboro brand, is venturing into the life insurance industry. A UK-based subsidiary company of Philip Morris will be called Reviti and sell life insurance products. The goal of Philip Morris, via Reviti, is to get traditional cigarette smokers to switch to newer, smokeless […]

Should Your Easy, Cheap Uber Ride Come at the Driver’s Cost?

Ride-hailing services Lyft and Uber both had recent initial public offerings that doubtlessly made company insiders instantly rich, though shares almost immediately tanked. Meanwhile, drivers say they’re getting screwed. Lyft and Uber drivers in multiple cities around the world held rallies, multiple-hour stoppages, and two-day work strikes in Atlanta, Boston, Chicago, Connecticut, Los Angeles, New […]