investing

How to Be a Moral Investor

Over the past 30 years, the language of business life has become replete with ethical phraseology. Words such as “social responsibility,” “business ethics,” and “triple bottom line” bounce around in MBA classes, in corporate boardrooms, and even on stock trading floors. This phenomenon is not limited to the business world. Individual and institutional investors regularly … Read more

Unknown Unknowns

When Donald Rumsfeld was Secretary of Defense, he coined some phrases about knowledge that apply far beyond military matters. Secretary Rumsfeld pointed out that there are some things that we know that we know. He called those “known knowns.” We may, for example, know how many aircraft carriers some other country has. We may also … Read more

Finer Things

As I opened the package that arrived in the mail, a little voice inside my head told me I was nuts. “Have you lost your mind?” it wanted to know. “You can’t have nice things!” The little voice was right, I suppose. If 13 years of parenting have taught me nothing else, they have quite … Read more

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