Peter Brown
The Workings of the Spirit

A new history of Christianity traces its transformation over a thousand years from an enormous diversity of beliefs and practices to Catholic uniformity.

Larry Rohter
In the Heart of Bahia

Itamar Vieira Junior’s first novel, Crooked Plow, tells a story of suffering, resistance, revenge, and redemption set in the impoverished, arid Brazilian Northeast.

Kim Phillips-Fein
The CUNY Experiment

The City University of New York has long stood at once for meritocratic uplift and for civil disobedience.

Lucy Scholes
Entwined for Life

For decades, the painter Dorothy Hepworth and her partner Patricia Preece carried out an elaborate artistic deception.

Aryeh Neier
Counting the Dead in Gaza

It will take time to know exactly how many people have been killed. Netanyahu has only made it harder.

Aryeh Neier
Is Israel Committing Genocide?

I have been engaged for six decades in the human rights movement, which has endeavored to restore peace by enforcing International Humanitarian Law. Can the law bring a measure of justice to the victims of Israel’s and Hamas’s violence?

Free from the Archives

One hundred and twenty-eight years ago today, the journalist Charles Dow—who had earlier cofounded The Wall Street Journal—calculated the first Dow Jones Industrial Average. That day, it closed at 40.94, about one thousandth of its current value.

In the Review’s June 25, 1998, issue, the hedge fund manager Roger E. Alcaly wrote a guide for “How to Think About the Stock Market.” Condensing books and public writing by Warren Buffett, John Maynard Keynes, and a number of business school professors and economists, Alcaly detailed some of the strategies involved in value investing (it “requires greater conviction than simply following the crowd”) and outlined a few of the many pitfalls on Wall Street.

Roger E. Alcaly
How to Think About the Stock Market

“J.P. Morgan suggested one way to estimate how much money to commit to stocks when he reputedly advised a friend who was losing sleep over his shareholdings, ‘Sell down to the sleeping point.’”

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