"In the fall of 1974 I was in graduate school at USC taking a portfolio-management investment course. The financial markets were in difficulty, and I didn't understand how securities were being sold at such depressed levels. I had only recently discovered Security Analysis by Graham and Dodd when we had a guest lecturer come in named Charlie Munger, who went on about this idea of value investing. After the class was over, I walked up to Charlie and asked him if there was one thing that I could do that would make me a better investment professional. His answer was, 'Read history, read history, read history.' And so I became a good historian, reading both economic and financial history as well as general history.

(Poets&Quants) -- Ever since Yale University launched its School of Organization and Management in 1976, the place has been something of an unconventional business school. Its founders envisioned a school that would be small, communal, unorthodox, and steeped in theory and research, able to groom leaders for both business as well as the public and non-profit sectors. But the decision to avoid creating another me-too business school has had some unintended consequences. For years, SOM has unsuccessfully battled the misperception that it is merely a school for non-profit management, a haven for do-gooders outside the MBA mainstream. And despite basking in the glow of one of the world's most valuable educational brands, the school has never been able to develop the stature of any of its Ivy League rivals. Enter Edward "Ted" Snyder, the 58-year-old veteran dean who signed on as SOM's new leader last fall. He arrived with extraordinarily high expectations. "I like what I do so I don't feel pressure," says the soft-spoken Snyder. "I feel really good about the prospects here. I've been at business school deaning for awhile so it gives me the credibility to say, 'Folks, this is what we face.'"

FORTUNE -- Student debt is nearing a record $1 trillion in the U.S. Jobless law school grads are suing their alma maters for false advertising. Needless to say, the cost of higher education -- not to mention the return on the investment -- has become a sore spot for many.

Merck's vorapaxar still causing bleeding.

A recap of today's biggest movers.

The producers of the popular medical drama announced Wednesday that the show will end after its current season.

Predicting an extended nominating fight, Mitt Romney said Wednesday he didn't expect the GOP primary season to result in a "coronation," all while downplaying a sweep of three nominating contests Tuesday night by Rick Santorum.

Rock Center's Meredith Vieira talks to Mimi Alford, a woman who says she had an affair with President John F. Kennedy when she was an intern at the White House in the 1960s. In retrospect Alford says that she still wouldn't say no to the President. (Rock Center)