The Danger of Acting on Stock Market Headlines

Over the past five years, U.S. stocks have tripled in value. For example, the Wilshire 5000 total return index increased from 27.50 to 82.62. Yet paranoia about the market has caused many investors to miss out. The chart below shows the return an investor would have received just by owning a total U.S. stock index fund and reinvesting the dividends. A total U.S. stock index fund essentially owns every publicly held company based in the U.S. Though the chart tracks …

Divorce, American Style

We barely began the new year before celebrity divorces began making headlines. Last week the 1970s pop duo Captain & Tennille (“Love Will Keep Us Together”) announced the end of their 39-year marriage. That came a week after former New York Gov. Eliot Spitzer and his wife, Silda Wall Spitzer, filed for divorce. No surprise there. Gawking at celebrity divorces is nothing new, though there sure are more of them – especially for the headliners who have been around for …

‘Headless’ Headline Writer Axed by NY Post

Citing budget cutbacks, the New York Post has axed Vincent A. Musetto, the journalist widely credited with writing one of the greatest tabloid headlines of all time (“HEADLESS BODY IN TOPLESS BAR”), dropping him from his most recent assignment as a film critic. “After 40 years at the Post, during which I wrote ‘Headless Body in Topless Bar,’ it has come to this,” Musetto said in an e-mail to his colleagues. Musetto was running the paper’s newsroom in 1983 when …