Like every other investor, I felt sick watching the Dow Jones industrial average lose three-eighths of its value in just 40 days in February and March. But I felt a little thrill as well. I had a list. I could buy stocks I loved at a discount. Or, to put it a little differently, I could now become a partner in some of the best businesses in the world at bargain prices. Incredibly enough, many investors are resistant to bargains. They think of stocks as different from, say, sweaters. Imagine...

An error occurred. Please try again later. President Trump is reportedly planning another tax cut. If so, he should figure out why the first one was a dud. As a card-carrying supply-sider, I was certain tax reform would at last lift the U.S. economy out of its rut of 2% growth. On Dec. 16, 2017, a few days before he signed the Tax Cuts and Jobs Act, Mr. Trump told reporters: “The economy now has hit 3%. Nobody thought we’d be anywhere close. I think we can go to 4%, 5% and maybe even 6%...

Two polls released recently reveal an emerging scenario for the 2020 presidential election that both Democrats and Republicans should view with horror. It is now evident that if the election were held tomorrow, Donald Trump would probably lose the popular vote in a landslide but still win a second term. A Washington Post-ABC News poll released Nov. 6 has former Vice President Joe Biden leading President Trump by 17 percentage points nationwide; Sen. Elizabeth Warren beats Trump by 15 points;...

Wounded Bruins are supposed to be awfully mean. And the Brown cross-country team should be growling mad when Harvard comes down to Providence to-day. Brown -- usually the Crimson's toughest Ivy competition -- was upset last Friday by a surprising Yale squad. The Bruins didn't like it and they'll be out for revenge. The Bruins have two runners -- Chip Ennis and John Coburn -- who should give Harvard's undefeated sophomore Doug Hardin a real challenge. Ennis, a junior and an All-Ivy choice last...

The cross country team swept the first 11 places against Cornell Saturday in the most awesome display of power in Harvard harrier history. Doug Hardin lopped 58 seconds off the old Franklin Park course record in leading the long, long parade of crimson tee-shirts to a 15-50 victory. Hardin's main competition, Gordon McKusick, pulled up lame in the middle of the 5.5-mile race and dropped out. McKusick and Hardin were both unbeaten going into Saturday's race, and the duel was supposed to be a...