Word: classe
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Stocks, we have been told again and again through the years, are the best long-term investment. Prices go up and they go down, but give stocks enough time and they deliver returns that trounce those of bonds, real estate, commodities or any other asset class...
...Somewhat surprisingly, the answer turns out to hinge on what you mean by best and what you mean by long-run. The investment part actually remains pretty cut and dried. Over the past two centuries, stocks have done dramatically better for investors than have bonds or any other asset class. And while, to parrot the mutual-fund prospectuses, past performance is no guarantee of future results, there are sensible economic arguments why stocks should continue to perform best in the future...
...crowded lifeboat in the North Atlantic after the Titanic sank in 1912. Dean's 2-year-old brother was discovered aboard the rescue ship Carpathia, and the family--minus Dean's father, who drowned--returned safely to England. They were fortunate. Most of the children traveling in third class died...
Asia for Cheap. Singapore Airlines is offering economy-class fares from Los Angeles, San Francisco, Houston and New York City (JFK only) at three price levels: round-trip tickets to Moscow, Tokyo, Hong Kong and Seoul cost $599; to Singapore, Bangkok, Bali and other cities in Southeast Asia, $699; and to Mumbai, Delhi, Karachi, Sydney and Perth, $899. Book by June 28 for outbound travel from July 1 through Nov. 30. All travel must be completed...
...only was a questionable election result likely to prompt street protests and provide ammunition to hawks in the West, it also affirmed a challenge to much of the Islamic Revolution's established political class. Ahmadinejad branded the entire revolutionary establishment as feckless and corrupt, prompting appeals to Khamenei from former President Hashemi Rafsanjani, head of the Assembly of Experts, who was one of Ahmadinejad's chief targets. But he and others got little sympathy for their complaints that the president's attacks undermined the legitimacy of the revolution itself. Some tartly pointed out that since Khamenei himself was president from...