10/30/10
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BHP Billiton Bids Big

PotashCorp (Ticker: POT) is one of the top three global producers of crop nutrients.  In mid-August BHP Billiton (Ticker: BHP), one of the world’s largest mining conglomerates, launched a $40 billion hostile offer for POT.  Hostile offers, as mentioned in last month’s newsletter, are called that because they’re unwelcome to the incumbent Board of Directors…

10/30/10
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Uncorrelated Returns Are Better

At a very basic level, the rationale for maintaining a diversified portfolio of investments is that we shouldn’t put all of our eggs in one basket.  Regardless of the nature of the big expense that you’re saving toward (retirement, college, a home purchase, etc.), or how long you have until you need the savings, it’s very unlikely that you…