Earlier this morning, New Jersey Senator Cory Booker became the latest socialist to throw his hat in the ring for the US Presidency… He announced his candidacy with a new website and two-minute video full of the usual collective hoopla. Bear in mind that Booker raised taxes by 20% while serving as mayor of the […]

Why do professional investors talk about behavioral finance more than they apply its insights? How do single stocks influence factor returns? The leading Enterprising Investor posts from last month address these questions and more.

The problem with making decisions by the blunt and heavy tool of referenda is now very apparent. One self evident difficulty is how to cope with contradictory results. Scotland had two referenda in two years. In the first the Scottish people voted narrowly to remain part of the United Kingdom, in the second they voted […]