The Legg Mason chief investment strategist and author of 'Think Twice' on applying principles from the wisdom of crowds to money management.
News this week showed market players paying up for media assets, paying out for tax relief, and more.
We outline some big takeaways, likely outcomes, improbable outliers, and prudent strategies for investors anxiously following the fiscal cliff drama.
Investors should prepare to ride through a rough patch as the impending 2013 debt ceiling becomes a bargaining chip in Washington's deficit debate.
Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.
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