I love to read GMO’s quarterly reports. For obvious reasons: Everybody loves to read about horror. GMO, for the few who don’t know, is a famous asset manager (about $100 billion in assets under management) founded...
The New York Post published an interesting article recently explaining to the lay reader just what, as the NYP’s headline writers put it, the Libor scandal really means. The paper’s headline read, “Li(e)bor Confir...
Welcome to WealthManagement.com. "Holistic" wealth management is no longer some vague buzz word; wealth management is, finally, THE dominant retail financial-services business model. After...
In the week of Mar. 12, the iShares Barclays 20 Year Treasury ETF (Ticker: TLT), which tracks longer-dated paper, fell by 4.1 percent. That's equivalent to a 500-point plus plunge in the Dow, according to Barron's...
This month we're pleased to feature a piece by Joshua Brown, a financial advisor, a blogger (TheReformedBroker.com) and, well, industry gadfly. On page 31, we adapted a chapter from his forthcoming book about...
ETFs have come under criticism lately. Don Phillips of Morningstar says that as ETFs have proliferated, they have become more expensive and hazardous for FAs and their clients to use. The original ETFs were designed...
Academics have long concluded that retail fund investors are dumb. Most investors favor actively managed funds, and on average the funds are losers. In a typical study, researchers look at a group of 200 or so funds...
