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The great Berkshire Hathaway index run-up
The runup this year in Berkshire Hathaway's Class B stock (BRK.B) is a good reminder of the power of an old kind of index arbitrage: buy high and sell higher, when the index-fund managers get in.
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Stocks: So far from their highs
Three years ago the markets peaked. Have we learned anything from the past? You can learn a lot from anniversaries. Take the little-noticed one that arrives in a few days, marking three years since the...
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Stocks are too expensive
Equities are actually pricey, just when the "experts" are claiming they're cheap. FORTUNE -- On Friday, May 3, the S&P 500 powered past 1600 for the first time in its history. The latest surge...
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