This Week's Top 5 Stock Contest Leaders
November 12th 2010Who's in the lead for our "Diagnose the Dow!" healthcare stock-picking contest? With only a month to go, only a handful of contestants have chosen stocks that are in positive territory. If you think you can do better, sign up and play for your chance to win an iPad.
Technology, Medicine and Money
November 11th 2010We so much to the wave of technological advances that have enhanced our ability to accomplish our mission. But we also need to do some hard thinking and planning about how best to integrate the rate and means of technological change into the practice of medicine, or run the hazard of having our possible future utopia distort into a dystopia.
"Doc Fix" Deadline Nears -- Will Congress Punt Again?
November 11th 2010The 23% Medicare pay cuts are scheduled to go into effect Dec. 1, unless politicians act to delay it. The current prognosis from Washington, however, is that the lame duck Congress will punt once again, passing the political hot-potato to the incoming class.
Rules of Success: Find a Problem That Needs Solving
November 9th 2010One of the biggest mistakes a new physician entrepreneur makes is to get all gung-ho about an idea for a service or gizmo. The more you fall in love with your own business idea, the greater your challenge will be to succeed. Instead, increase your odds of success by focusing on finding a problem that demands solving, and then try to solve it.
Using Emotions to Your Financial Advantage
November 9th 2010Emotions tend to guide our financial decisions -- often leading us to make mistakes with money. But studies show that embracing your emotions when making financial decisions can sometimes be helpful. Example: If you feel like you're being ripped off, you probably are.
China's Center Stage of This Week's Biggest Biotech Deals
November 8th 2010Biotech stocks had a quite week as gainers offset decliners, despite a big surge in most major market indexes. The week's biggest deals in the sector signified the increasing importance of the Chinese healthcare market for investors.
Considerations for a Multidisciplinary Practice
November 8th 2010A multidisciplinary practice -- one that includes both licensed medical doctors and other healthcare professionals, such as chiropractors, acupuncturists and other alternative medicine practitioners. But these non-traditional practices can face a number of challenging considerations.
A Frank Discussion About Finances
November 5th 2010Are you ready to learn the truth about investing and financial planning? In my new blog, I'll expose the outright myths and lies most financial advisors feed doctors like you and me. Here you'll find simple, straight talk about investing and financial planning from a financial planner who is also a physician just like you.
An Ivy League Investment Strategy Strikes Out
November 3rd 2010In 2009, the Harvard and Yale endowments were praised for beating the market with their broad diversification strategies. One year later, each of the endowments posted double-digit losses -- forcing Yale to borrow money to cover the shortfall. Here's what went wrong.
Physician Charged with Insider Trading on Drug Trial
November 3rd 2010A physician was charged with illegally sharing the disappointing outcome of a clinical trial with a hedge-fund manager, the Wall Street Journal reported. The fund manager sold about six million shares of stock just before its share price plunged on the news.
Success Rule No. 1: Make the Commitment
November 2nd 2010In an earlier blog I promised to flesh out, in five parts, the 10 rules of successful entrepreneurship from the book, "The Intelligent Entrepreneur" by Bill Murphy Jr. I've changed my mind a little -- I'm going to devote one post to each rule, as there is such good, juicy stuff to share.
Our Top 5 Stock Contest Leaders -- Can You Do Better?
November 2nd 2010Who's in the lead for our "Diagnose the Dow!" healthcare stock-picking contest? One month into the contest and only six contestants have chosen stocks that are in positive territory, and none of the front-runners' stock picks are up more than 2%. Think you can do better?
Time's Running Out to Take Retirement Account Distributions
November 2nd 2010When investment portfolios got whacked in 2008, the government suspended the rule that required those over age 70½ to take money out of retirement accounts. Now required minimum distributions (RMDs) are back and time is running out to take them.
From Human Opportunity Comes Good Fortune
November 2nd 2010The feel-good story of the Chilean miners rescue has wider significance to the financial world. Not just in the relative fortune the 33 miners will rake in from book and film offers, but in the way the blossoming of human opportunity can lead to financial success.
Are Cell Phones Safe? Why No One Knows for Sure
November 1st 2010Are cell phones hazardous to your health? No one knows for sure, because government regulators didn't exactly perform their due diligence when putting the devices through a variety of tests to determine the impact of cell radiation on the body.
Improving the Value of Your Medical Practice
November 1st 2010In the second in a two-part series on how to value your practice, experts offer advice on how to improve the value of your practice if you determine the business is not worth is much as you thought. Some fixes will be relatively easy, and others much more challenging.