Not many investors can claim a lifetime of stock-market success. Warren Buffett of Berkshire Hathaway BRK.A, -1.94% BRK.B, -1.39% comes to mind, of course, but what about Warren Kaplan? Who? Kaplan is an 85-year-old individual investor with 70 years of stock-trading experience. Kaplan grew up in a poor family in the Bronx, NY, but by…
US stocks were trading mixed Tuesday afternoon, a day after the S&P 500 index met the criteria for a bear market ahead of what’s expected to be one of the biggest Federal Reserve interest-rate hikes in decades. How are stock indexes trading? The Dow Jones Industrial Average DJIA, -0.75% fell 9 points, or less than…
CAMBRIDGE, Mass. (Project Syndicate) ithWith cryptocurrency prices plummeting as central banks start to raise interest rates, many are wondering if this is the beginning of the end of the bubble. Perhaps not yet. But a higher opportunity cost of money disproportionately drives down the prices of assets whose main uses lie in the future. Ultralow…
