Even the most brilliant investors make mistakes sometimes, as evidenced this week by recent moves from David Einhorn, one of the most brilliant equity guys in history. When it comes to the market, value traps are inevitable.
Microsoft has learned (the hard way) that it cannot sit idly by anymore hoping its partners such as Dell and Hewlett Packard will develop effective hardware. Microsoft now seems ready to become more proactive in its bid to compete with Apple.
Pulitzer Prize-winning author Richard Ford talks about his new novel "Canada," his memories of the late Raymond Carver, and how art makes life.
The impressive luck of one hedge fund manager has The Reformed Broker reminding investors that the stated return should never be the focal point - it should always be a question of "how was this return produced."