Biglari consolidates power, as Steak n Shake rebounds
The Texas investor running the chain doesn’t seem like such a champion of transparency these days.
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Schrenker faces nine more charges in Indiana
An Indiana money manager scheduled to be sentenced today in Florida on charges he deliberately crashed his plane to fake his
death and flee financial ruin now faces more charges in his home state.
HAUKE: Storybook market may last a bit longer
People keep asking me
to explain the stock market advance over the past five months. There are usually comments at the end of the question, like,
“The economy sucks. How can the market go up when there is nothing going on out there?”
Large HHGregg investor ups stake, surprising analysts
HHGregg Inc. shares have enjoyed a spectacular runup this year. But the company’s biggest shareholder is making a
huge bet that the good times are only beginning.
SKARBECK: Tax-haven crackdown starts getting serious
If you never got around to opening that Swiss bank account, you might want to wait a bit longer—at least until after
Sept. 23. That is the date the IRS has set for any tax-evading American to come forward regarding 52,000 accounts held at
Swiss banking giant UBS under a Voluntary Disclosure program.
HAUKE: Investing lessons a turtle would love
I have learned a lot about sea turtles since last
night, and I believe a few of these things belong in any long-term discussion about investing.
INVESTING: Looming debt problems present an opportunity
Whenever this bear market bottoms—and there is a growing possibility that we will see new lows in coming months—millions of investors will be throwing all kinds of assets away for pennies on the dollar. The discounts so far could pale in comparison. So, be patient, be prudent and be ready.
INVESTING: High-frequency trading comes under scrutiny
A developing case of technology theft has shed light on the proprietary systems Goldman Sachs and other investment firms
use to make millions of dollars. A 39-year-old former employee at Goldman has been accused of stealing computer
code used in the company’s high-frequency trading system.
INVESTING: Microsoft a good bet to outperform market
In the not-too-distant past, Microsoft was the most dominant company on the planet. In 25 years, it had spawned the world’s
richest man along with products that became as ubiquitous as water.
SKARBECK: More reforms sought for target-date funds
Target-date mutual funds, a popular investment vehicle in 401(k) plans and college savings plans, have recently come under
scrutiny by Congress and regulators. Investors are in an uproar over the recent poor performance of funds nearing their target
date.
HAUKE: Lower trading volumes suggest trouble ahead
We are not in peak vacation time yet and already volume is disappearing faster than a hermit crab being chased by a group
of 10-year-old boys. This s especially troubling if you are a bull.
Retirement plans changing as employers cut costs, workers crave stability
Last fall’s Wall Street meltdown, which erased half the value of some 401(k) retirement plans, has both employers and employees
re-examining what to expect long term.
Led by educators instead of investment specialists, state teachers fund fell into $67M hole
The people overseeing the Indiana State Teachers Association Insurance Trust had no background in investments or insurance, likely leaving them ill-equipped to grasp the ever-larger amounts of complicated investments the trust was buying.
As debt weakens dollar, commodities get boost
There is one commodity that may have more potential over the next several years than all else: natural gas.
NEA takeover humbles once-mighty ISTA
The National Education Association said today that it is taking over its Indiana affiliate, a stunning comeuppance for what
long had been one of the most powerful union forces in the state.
Lilly Endowment has made few changes despite massive fall in value
Lilly Endowment lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What’s different about the
Indianapolis-based endowment is that its most recent loss caps a downward slide that’s lasted eight years.
Top investment minds weigh in on erratic market
In recent weeks, two of the planet’s most respected investment minds have weighed in with their thoughts on the state of the world’s financial affairs—Bill Gross at PIMCO in southern California and Jeremy Grantham of GMO LLC in Boston. It is always worthwhile to examine their thoughts and the logic behind them. As investor hopes […]
Growing government likely to keep bull at bay
President Obama is wrong when he says government
is the only solution to what ails America’s economy. In reality, his thoughts are tragically flawed. Government, as we know it today, is the problem.
Data can be deceiving when the economy slows
Investors today are dealing with a variety of calculation problems when attempting to determine if stocks
are attractive values. Some of the more common ratios and statistical measures that investors regularly employ to value businesses
become skewed in an economic downturn.
Buy-and-hold evidence can be misleading
You’ve heard all the nonsense from the mainline advisers and brokers. They say a buy-and-hold approach is the answer, the
market always comes back, and diversified investing is the key to long-term success. You are starting to get the sense that it’s all bull. Here’s why.