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“Ain’t nobody ever made no money in bonds?”

Posted on February 19, 2004
Februrary 19, 2004 “Ain’t nobody ever made no money in bonds?” Eleven years ago I traveled to Baltimore at the request of a friend, who at that time was managing the local office of Legg Mason. He had asked me to speak with some of the people in their home office. It was an uneventful […]
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Following the Herd – To Buy or Not to Buy

Posted on July 01, 2003
Following the Herd – To Buy or Not to Buy   What is it about the stock market that gives us an overwhelming impulse to zig when we should zag. As markets hit a frenzied pace and good news abounds, we cannot pay enough for the privilege of owning securities (circa 1999-2000). Conversely, when opportunities […]
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