Ownership Has Its Privileges

If you’re reading this column, you’re probably an investor in the stock market. That makes you a member of the approximately 60% of American households that own stocks, either directly or indirectly. That also makes you part of what President Bush likes to...

A Professor That Shines

Good teaching takes hard work. A professor must be an expert on his or her subject, understand the what the audience already knows about it, and be able to present new knowledge in a compelling and informative manner. That might explain why so few professors are good...

Phony “Ethics”

Two apparently unrelated stories that appeared in newspapers on the same day are in reality not nearly as unrelated as they might seem. One story appeared under the headline, “High School Students Debate Steroid Ethics.” The other story had the headline:...

Higher Education in Decline

College costs have risen dramatically over the last several decades. In many cases, it’s difficult to find a college where per-student costs are under $20,000 each year. Most often, tuition doesn’t measure the true cost because taxpayer and donor subsidies...

What Kind of Intelligence Needs Reforming

I don’t mean to minimize the concern over intelligence reform in this country. However, the kind of intelligence most desperately needed is the philosophical kind. For our government officials in the Pentagon, the CIA, and elsewhere, philosophical intelligence...

Fear is an Investor’s Best Friend

Fear is an investor’s best friend. Fear makes stocks cheap, so that you can buy them at great prices. But, of course, to dare to do that, you have to be unafraid. It’s a bit of a paradox. Stocks have soared since the climax of fear this summer — a...

Dickens’ A Christmas Carol

Of all the works written about Christmas, perhaps the most influential, save Clement Moore’s poem, The Night Before Christmas, is Charles Dickens’ A Christmas Carol. Published in 1843, the story of the curmudgeon Ebenezer Scrooge has entertained millions...

Random Thoughts for December 2004

Random thoughts on the passing scene: The very people who were telling us to “get over it” and “move on” during the Clinton scandals of the 1990s have been completely unable to get over the 2004 elections — and some of them haven’t...