A few weeks ago, I reviewed preliminary reports on first-quarter growth in the U.S. economy. The news was grim: annualized shrinkage of 0.7%. “The economy has now contracted in three separate quarters since the recession ended in mid-2009,” The Wall … Read more
Given my wife’s Irish heritage, we decided it’s high time to show our boys the beauty of Ireland, especially since the U.S. dollar has surged relative to most other currencies in the last year. Sure, the trip will take a … Read more
The United States tries to help people save for retirement. We have tax incentives. We have private-sector innovations such as workplace retirement plans that automatically enroll us and increase our savings rates over time.
Even so, we’re probably not saving … Read more
Ten years ago on May 1, 1975—“May Day” —The Vanguard Group of Investment Companies commenced operations. Surely Vanguard, a decade ago, was a new beginning in every sense of the phrase. Our challenge was to build … … Read more
You’ve probably heard it before: “Why would anyone want to invest in the most indebted companies or countries? It’s just throwing good money after bad.” While this premise may seem logical and intuitive on the surface, as with many things … Read more
Tomorrow is March 14, or Pi Day (3.14), as it’s known in the Internet’s more mathematical precincts.
Pi allows us to design aircraft engines, pass a geometry midterm, and enjoy Thanksgiving dinner. It can also teach us something about investing.… Read more