Call It Like It Is

There’s considerable unnecessary confusion and debate on public policy issues that would be more intelligently discussed and resolved if we’d say what is actually meant rather than using euphemistic disguises. The Grutter and Gratz vs. Bollinger cases...

Can Individual Investors Beat the Market?

Among financial scholars, it’s an article of faith that the vast majority of investors can’t beat the stock market regularly. According to the traditional academic literature, if you invest long enough, spread your money around in a diversified portfolio,...

Capitalism Triumphs at Augusta

Mike Weir became the first Canadian, and first left-hander, to win the Masters. Weir triumphed in a one-hole playoff with American journeyman Len Mattiace after both players finished the tournament 7-under-par. Although the playoff was somewhat anticlimactic–a...