portfolio managers

A hot topic on Wall Street last week was who would potentially replace the Oracle of Omaha at Berkshire Hathaway when he leaves. The latest candidate? Li Lu, a relatively unknown fund manager whose portfolio has averaged a 24% annual return.

Here's an oldie but a goodie: Dow 10,000. We last saw that level (on the way up, that is) six years ago, and we first crossed Dow 10,000 a full 10 years ago. (The latter fact is no doubt deeply depressing to buy-and-hold investors, but at least it has a nice symmetry to it.) So here we are...