Should anything ever happen to me, readers of this blog wouldn't miss a beat in terms of Stock Ideas. All you would have to do is follow Whopper Investments, who independently writes about many of the same stocks I do. For the second week in a row now, we have come out with new articles about the exact same company. This week's stock: Premier Exhibitions (PRXI).
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When a country's GDP stops growing or starts glowing more slowly, the focus is generally placed on macroeconomic policy and fiscal spending. But it's not blind GDP growth that leads to our wealth. After all, one can increase GDP by borrowing and spending on just about anything, even if it does nothing to increase wealth. (Some examples include: starting a war, building a city that sits unoccupied, digging holes in the ground and then filling them back up.)

A society's wealth, on the other hand, comes from its ability to do more with less: to find (or copy) more efficient ways to do what it is we want to do. Why is it that some countries are able to create so much more with its workers than others? In The Power of Productivity, William Lewis takes the reader through a tour of several countries, both rich and poor, and a multitude of industries to explain current wealth disparities.

Conventional wisdom
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When the stocks in your universe are no longer as undervalued as they used to be, you *could* lower your standards and keep investing. Alternatively, you could expand your universe. That's what I'm trying to do, as I dip my foot into the financials pool. Reading David Moore's book, Analyzing and Investing in Community Banks, was a helpful step in this process.
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It has become a lot harder to find hated names on the public exchanges. As the rising tide of the market has lifted many sectors, long-term value investors are sitting on growing cash positions, lusting for the long-gone pessimism of 2009. Read more...
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Great news for investors! Another source of free conference call transcripts has emerged, over at Earnings Impact. They assure me that they "will
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My site's statistics tell me that several hundred of you still keep up with this site via Google Reader. Unfortunately, in less than a month, Google Reader is shutting down. If you still want access to the content on this site
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John Bogle created the first index fund, back in 1975. As the founder of Vanguard and its CEO over a long tenure, he made a career out of making it cheaper for investors to share in the wealth generated by capitalism. Unfortunately, the mutual fund business has taken a turn for the worse in recent decades. In Clash of the Cultures, Bogle sounds off on the industry he helped make enormous, as he believes investors are getting the short end of the stick.
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