Charles Munger praised the benefits of lifelong learning during his commencement speech to nearly 300 USC Law graduates May 13.

Commentary from Wesco's AGM by Sanjay Sen, a Toronto-based portfolio manager.... Sen's assessment: "I found the knowledge dispensed in this year's meeting to be even greater than that in last year's."

Interesting commentary on the sub-prime situation with the author raising some good questions such as "Am I the only one who wonders how a person who borrows money he can't repay, buys a house he can't afford, and then stiffs his creditors, is allowed to play the victim?"

"We are concerned too many investors are unaware they could suffer substantial financial losses by using debt to purchase securities," said Mary Schapiro, chief executive officer of NASD. Will this new warning actually have any impact on the amount of leverage being employed?

In this article a rail road expert postulates that BNSF's achievement has been to make the highly competitive intermodal market profitable and that for the first time in many decades railroads have been able to boost their RoI above their Cost of Capital. "That's a monumental achievement," Mr Hoexter says. "[Railroads] have not achieved that [return] for almost 90 years as a group. It's allowing t

Interesting Economist article regarding investing in distress