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,...

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