On Thursday, September 25th, Kodak announced that it would reduce its dividend to a semi-annual payment of $0.25 per share ($0.50 annually) from a semi-annual payment of $0.90 per share ($1.80 annually). The board declared a cash dividend of $0.25 per share, payable December 12, 2003, to shareholders of record as of the close of […]

Investigations into mutual fund misdeeds have multiplied since we addressed the issue in September. The funds we recommend have not been implicated nor do we expect that they will be. However, more than a dozen fund families that market conventional open-end mutual funds have now joined the list of alleged participants in improper trading practices.

We have long implored investors to do their best to ignore the hodgepodge of investment advice that saturates the modern media, and instead consider the scientific approach to investing. Below we outline the history of this science, which is rapidly gaining favor with both institutional and individual investors. In particular we hope our readers will