What do you call a stock that's down 90%? A stock that was down 80% and then got cut in half.

What is uncertain is how much further the bubble can expand, and what might pop it.

A 99% Value-at-Risk calculation does not evaluate what happens in the last one percent... This is like an airbag that works all the time, except when you have a car accident.

One of the best investors around, Joel Greenblatt, has written a popular, charming and funny book about investing in great companies at low P/E multiples. To simplify an already simple book, great companies are generally measured as companies that can generate lots of profit without requiring a lot of capital. This means that they have high ROEs.

As an investor my job is to figure out what will happen rather than what should happen.

What do you call a stock that's down 90%? A stock that was down 80% and then got cut in half.

Ive got a fantasy-baseball team with my brother. But I have to admit, he does all the work.