In June, I took my daughter Marguerite to Canada to say goodbye to my brother Steve and his family before they moved to Bali, of all places. For the past decade or so, Steve has lived outside Creemore, a bucolic Ontario town, and Marguerite amused herself by chasing butterflies beside the river running through his Read More
What’s the matter with Sony? In a word, everything. It’s on the wrong side of a seismic shift in the consumer electronics industry, away from hardware (its strength) to software (its weakness). It’s had a disastrous run of choosing the wrong leaders. And it’s in the wrong country. Other than that, it’s all good. Read More
Among the many gifts Benjamin Graham bequeathed to investors was the allegory of Mr. Market. He’s the collective us, the guy who wakes up with a new view about the best price for a stock (or the market itself), often without any clue as to why his outlook has changed.
Mr. Market seems particularly manic Read More
Permission to Splurge: Whole Foods Isn’t Just About Where You Buy Your Food; It’s About Who You Think You Are
When Whole Foods co-CEO John Mackey’s book, Conscious Capitalism, came out in January, Claude Arpels and Winsome Brown hosted a book party for about 150 people at their gorgeous and expansive Tribeca apartment. It was a fitting venue. While America’s hard right continues to find new ways to make people hate big business and the Read More
As far as mysteries go, this one kind of disappoints. Michael Dell and his private equity partner, Silver Lake, want us to believe that they have a secret plan for reviving the fortunes of the struggling PC maker, a plan they insist they can only pull off if they take the Austin-based company private in Read More
The lead story in The Daily Beast on April 11 asked the question on many people’s minds: “How Scared Should You Be About North Korea?” I’m no political scientist, but I’ll give you my answer anyway: not at all.
While China may have wider-ranging ambitions than most people realize, it has always been Read More
It seemed like a good idea at the time. When J. C. Penney hired former Apple retail chief Ron Johnson in late 2011, pretty much everyone agreed that things could only get better for the struggling department store chain. The man’s track record spoke for itself—he worked for Apple, for God’s sake! What could go wrong? Read More
It’s easy to hate bankers these days. The latest outrage? According to a March 2 article in The New York Times, the financial services giant JPMorgan Chase encourages its so-called private client advisers to suggest in-house investment products to its well-heeled clientele. The gall! And this was no thinly reported story, either. The Times got its scoop from Read More
In the ocean of money that is Wall Street, things come in waves. Consider the first big merger wave of the modern era: in 1965, there were 2,000 M&A transactions on the U.S. In 1969, at the height of the go-go years, there were more than 6,000. And then in 1974, the number dropped back Read More