Say what? Most Americans feel like they’ve missed the market’s historic bull run
Breakfast with Benjamin: Why most Americans feel they've missed the market's historic bull run. Plus: Warren E. Buffett offers retirement advice, playing defense with luxury goods, Candy Crush at $21 a share, comparing QE to the telegraph, and Ackman's never-ending obsession with Herbalife
- Even after a five-year bull market, most Americans feel the stock market’s 176% rise has had little effect on their financial well-being. Of course, they have also set aside less than $30,000 for retirement. Poll exposes a generally gloomy mood
- Warren E. Buffett isn’t retired, but that isn’t stopping him from giving advice to retirees. Check your emotions at the door
- If you’re still buying luxury goods stocks as a defensive play, pay attention to the inventory turnover trends. High-margin low-volume businesses
- The much-hyped Candy Crush Saga initial stock offering will include 22.2 million shares priced between $21 and $24 each. PE firm Apax Partners sees its stake in the company shrink
- Jeff Gundlach compares the significance of the Fed’s record-level quantitative easing program to the invention of the telegraph. The largest holder of U.S. debt
- Hedge funder Bill Ackman, who is making a career out of shorting Herbalife (HLF), now says the nutrition and weight loss company is breaking laws in China. Who knew China even had direct-marketing laws?
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