What you need to know
My favorite financial publication, Barron’s, chalked up its 100th anniversary on May 9. Here are some of the salient points from that issue.
Bob Rose, Barron’s executive editor, put it succinctly, stating that Barron’s is first and foremost a friend of the investor, whether a beginner, or a corporate CEO.
The publication tries to tell it straight, whether the topic is writing about stocks, the economy, or the latest accounting scandal. At the same time aggregating the connections between the markets, the economy, and the world around us.
“What we want is confidence,” Clarence Barron wrote in this magazine’s first issue, dated May 9, 1921, near the nadir of the postwar recession. Over the next century, the stock market, as represented by the Dow Jones Industrial Average, would expand by magnitudes as the United States became the world’s leading economic power.
No, it was not a…