William E. Douthat

On the week of December 6th 1951, thousands of financial professionals received in their mail that week’s issue of The Commercial and Financial Chronicle. Within the issue, an article entitled The Security I Like Best, written by an Omaha born Columbia graduate by the name of Warren E. Buffett, appeared on page 24. The article, which was part of a weekly series of stock recommendations, covered a small insurance company located in Washington D.C. named Government Employees In

For almost the entirety of the 20th century, the most essential decision posed upon the U.S. investor was that between the purchase of common stock in publicly held corporations and of fixed income securities, namely corporate and government bonds. The widely acknowledged dean of security analysis, Benjamin Graham, devoted an entire textbook, and in fact an entire life’s work, to intelligently deciding between these two investment vehicles. ​ What Graham could not have reason

January 1st, 2020 marked the second time that Charlie Munger lived through the 20s. As it happens, it was also the man’s 96th birthday. Just 4 years later he would have turned 100 years old, though, unfortunately, he passed away just weeks before reaching this centennial feat. In the days following his death, business papers were full of stories of the man who so nearly made it to 100. But, for all intents and purposes, he did live to 100, in the same way John D. Rockefeller

Give them ready access to all the possible diseases known by science. Along with access to the world’s diseases, it’s important to also provide gruesome detail on the potential risks of having certain diseases. Put them in a society which benefits financially off fear. Flood their TVs, smartphones, and computers with ads describing newly discovered diseases accompanied by (conveniently) a drug that will help to treat that disease. In crafting the advertisement, ensure that sy

In the 1990s corporations across America started to look for solutions that would allow them to transmit electronic documents among people within their organization as well as to their customers and suppliers. Up until that time there were no standardized methods for sending and storing digital records and dozens of software companies were competing to find the answer. The solution came when in 1993 Adobe introduced what it called a Portable Document Format, or PDF, which qui