I ran across an academic article recently that I haven't had time to read yet, but thought I would share it with readers of this blog. The Financial Crisis as a Symbol of the Failure of Academic Finance? and it's available here. This excerpt from...

I have blogged constantly about the value and importance of long term investing, and a recent report from the Aspen Institute came out with some practical proposals to fight what they call "short-termism" in the market. Let's start with the problem...

Another green shoot in the economy hit the tape last week: "FedEx Corporation (NYSE: FDX) today announced that it expects to report earnings of $0.58 per diluted share for the first quarter ended August 31, down 53% from $1.23 per diluted share a year...

Am I the only BJ Services (BJS) shareholder out there who thinks that this is a lousy deal? Is there any hope for a competing bid? BJ Services traded close to $40 back in 2006, and was as high as $33 last summer. So we get .40 shares of Baker Hughes...