Anybody who has read my first book knows that I take a mostly dim view of active management. Still, this week I wrote about an episode central to my upcoming book that proves an exception: how active managers handled meme stocks. When the market values of GameStop, and AMC went up several hundred or thousand… Continue reading Does Your Index Fund Have “Diamond Hands?”
I wrote this past week about corporate spinoffs, which are all the rage these days. In a spinoff, a company takes a division or two and hands it to its shareholders, creating a brand new public company. The new company usually doesn’t fit in with its new owners, which can be a very good thing… Continue reading Spinoffs: GE, Johnson & Johnson
Sometimes a fairly small company that I know will otherwise fall through the cracks catches my eye. The latest one is “The Joint,” a fast-growing chain of storefront chiropractic clinics. I learned a lot in the process of reporting it, most of it about the business of franchising rather than the iffy science of back… Continue reading Aching Backs = Big Bucks
Meme stocks like AMC and GameStop might be new, but their executives are continuing a very old Wall Street tradition: Making hay while the sun shines. You’ve probably read that insiders have sold tens of millions of shares, or “gifted” them to family members in cases when they weren’t allowed to sell, but they also… Continue reading Meme Stock Bosses Continue an Old Tradition
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I manage and edit the Wall Street Journal’s “Heard on the Street” column, with writers based in New York, London, Hong Kong, San Francisco, and Sydney. Sometimes I still get to write.
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