In the real world, illiquid assets carry a discount.

The loss was not bad luck. It was bad analysis.

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

Microsoft has one more shot at a role in smart phone software through its deployment on Nokia phones. Nokia is still the global market share leader in cell phones. Maybe it will work out, but this is hard to envision great success in the area coming on the heels of so much disappointment in missed opportunity in this important and visible category.

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

When you leave a good job to go off on your own and don't expect to make money for a while, you name the firm whatever your wife says you should.

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.