Putting Your Investment Eggs in One Basket

Stock market indexes and market leadership has been growing increasingly concentrated in a small number of stocks and sectors. Professional portfolio managers often react to this market concentration by allocating more money to fewer stocks, reducing their...

Abortion: When Do Rights Begin?

Individual rights begin at birth, with the creation of a new, separMorality is an issue of rationality, and a woman who becomes pregnant on a whim, then capriciously chooses an abortion, is as immoral and irrational as someone who buys an American flag and then burns it.ate human being. Rights are a concept applicable only to individual, actual human beings, not a merely potential one.

Regis Philbin Feels Our Pain

“Can anybody explain this to me — why is it that nearly all our contestants are white men? I’m a white man, so you know I have nothing against them, but come on. We would really like a little more diversity.” Last week, Regis Philbin, host of...

Pragmatism, Altruism, and Businessmen

Question. In a recent program, you claimed the actions of several businessmen were driven to do business with the government by the morality of altruism. Isn’t pragmatism a more accurate description? Given the extent to which property rights have been eroded,...

The Problem of World Hunger

President Clinton is angry because Americans supposedly waste too much food, especially at holiday time. World hunger is not a problem of redistribution. World hunger does not exist because you throw out half a stick of butter or an unfinished Coke. The real problem...