Tagged: corporations

Selective Smelling

Women, those creatures from Venus, assume that most men, particularly boyfriends and husbands, suffer from a malady known as “selective hearing.” Other forms of this pervasive syndrome include “selective memory” and “selective comprehension.” A rough description: When the Lakers score is coming over the radio, a man hears like a bat; when the wife is...

Where the Money Is

Take a walk around your city’s downtown. Look at the skyline. Note the names on the tallest buildings. See who has the wealth.  In Los Angeles, almost all the skyscrapers bear the names of corporations that handle money: banks, accounting firms, insurance companies. This seems right. These organizations, one reckons, ought to have lots of...

Insider Trading

The U.S. stock market is the world’s largest casino, except in this particular gambling den players don’t know the odds on their wagers. They just bet and hope. There’s very little correlation between a company’s real value and its stock price or between its earnings and its stock price. If there were, anyone could safely...