Murky ETF Approval System Could Get an Upgrade
The new head of the SEC, Jay Clayton, is working to push forward new rules governing the creation of ETFs. Currently, the system is...
The Truth Behind the S&P 500, Part 2
The S&P 500 is perhaps the largest “managed” fund in the world. Contrary to widespread belief, it is not an index of only the...
The Truth Behind the S&P 500
Let’s get a few things straight about the S&P 500. First, it’s a market-cap weighted index of large-cap companies based in the U.S. A...
Do you Invest with a Performance Chaser?
It’s that time of year again, when portfolio managers who are trailing their benchmarks throw well-crafted investment plans out the window and start chasing...
The Trouble with Balanced Mutual Funds and ETFs
In the past, when I thought about balanced mutual funds and ETFs I would think about a Swiss Army knife—a useful tool to have...
Are Index Funds Today’s Nifty-Fifty?
According to one seasoned value investing team that has been in the business for decades, index funds may be the next Nifty-Fifty. Many financial advisors...
You Won’t Believe What Happened to These Mutual Funds
Barron’s reported over the weekend that Third Avenue Management, the firm founded by deep value investing pioneer Marty Whitman, is undergoing yet another management...
The Trouble with this Bond Fund
You could almost see the trouble coming at Double Line Capital’s largest bond fund Total Return. Actually I did as I wrote to you...
My Concerns with the Vanguard Effect on Your Family’s Survival
You gotta love low prices. Look at what Amazon has done to retail with my Bezos Law. Look at what Vanguard has done to lower...
Lower Portfolio Risk to Boost Return
UPDATE: The words I wrote in this post from August 27, 2010 are as sound today as they were back then. The basic principles...