The 10-K Hall of Shame

Published on . Posted in Features and tagged , , ,

With the benefit of hindsight, the stock market makes perfect sense. Of course the rise of the Internet in the 1990s would be an economic boon. Of course credit markets were horribly overextended in 2008, resulting in a massive correction. The same holds true at a micro level as well. In hindsight, the overwhelming challenges of companies that have gone belly up seem obvious. But at the time, the naive outlooks and ultimately disastrous business plans made sense to management and to investors. Although more inspired leadership may have saved some of these companies, incompetency alone isn't to blame. Sometimes the innovations and macroeconomic events that disrupt companies or even entire industries seem to happen overnight. Continue reading →

Top 25 Downtown Josh Brown Quotes

Image Source: Ritholtz Wealth Management
Published on . Posted in Features

Josh Brown's blog, The Reformed Broker, is one of the most widely followed finance sites. It has become a time capsule -- still in progress -- for one of the most interesting stretches in financial history, where chaos, corrections, and technology converged. Although his posts generally cover timely events, they also contain some pearls of wisdom that are eternally applicable. Continue reading →