• Thought of the Day

    Thought of the Day

    2000: The purpose of diversification is to force you to own things that you don't want to own.

    –Charles D. Ellis, managing partner, Greenwich Associates, speaking at the Foundation Financial Officers Group annual meeting, New York, NY, October 14, 1999.

Today in Financial History

1990: Wall Street sets a blistering pace as a then-record six IPOs are issued in a single day. The companies — Command Security, In-Store Advertising, MECA Software, Modtech Holdings, O'Charley's, and Wisconsin Pharmacal — raise a total of $100.4 million. It's an early sign that the economy and stock market are recovering from recession, and a reminder that investors will always stand ready to buy a piece of just about any business with a pulse.