I have been tracking Lehman Brothers & Merrill Lynch since March (Bear Stearns implosion). Let’s wrap up our Lehman story, now that it has been wiped out and no longer exists.
 
It is widely held that the federal government had a choice between 2 bad options. Option 1: continue to bail-out investment banks (after Bear Stearns) [...]

There is no shortage of opinions on where the bottom of this market is from “analysts” on TV. It seems the more loudly you speak and the more zany you are, the more likely the public will be inclined to believe you. The poster child for this is Cramer on CNBC TV. I am also [...]

This article has a review of how hedge funds are performing this year, and a note about our possible use of hedge funds in the future.
Part 1: Should we use hedge funds?
Every couple years I review the efficacy of hedge funds to examine whether it makes sense for my clients. Every year I end up [...]