Abstract
A qualitative theory is presented in an effort to understand the insulating properties of NiO. If one generalizes this theory to include all stoichiometric binary compounds, having a transition element as cation and an element from group V or VI as anion, a rather startling correlation between the magnetic and electric properties is predicted. Ferromagnetic compounds should be good conductors with a positive temperature coefficient of resistivity while antiferromagnets should be insulators with a negative temperature coefficient of resistivity. The available data indicate that this correlation does exist.