Bill Miller’s record-breaking streak of beating the market is finally over. It is the end of a fascinating story

Since 1991, Legg Mason Value Trust of the mutual fund company called Legg Mason has risen at an average annual rate of 15.8%, compared to the 11.9% for the S&P 500. Bill Miller, the fund manager, beat the Standard & Poor’s index of 500 stocks year after year for the past 15...

After the clashes between police and protestors in Singur, West Bengal, seven villagers were found burnt in Nandigram, where they were protesting against land acquisition for an SEZ. The CPM leaders were not exactly embarrassed with this new flare up of violence (they never are), but Jyoti Basu was irritated. He summoned the Chief Minister Buddhadev Bhattacharya for a chat on how to handle...

It is now mandatory to have a MIN for all MF investments of Rs50,000 upward. All vigilance measures are welcome. Yet, authorities must face the fact that the alleged mass malpractices they claim to be preventing by any of these pre-identification means have largely been, largely are and will be almost impossible to execute without the collusion of greedy officials. Investigation after...