Britain Exits

Sixty years ago, the nations of Europe began uniting under one European Union.  The first goal was to define themselves as Europeans instead of separate nationalities which repeatedly started a war with each other. The second goal was to integrate their economies to...

Is Fair Value Obsolete?

The Fair Value concept holds that stocks, and the market in aggregate, have a value based on past, current, and future estimates of earnings. To oversimplify, when you buy a stock, you buy a piece of a business. The questions to ask when buying a stock are what has...