In my role as a financial planner, I hear a lot of stories, but by far the most appalling and upsetting are those having to do with life insurance. All too often, insurance salesmen leave clients with policies that are simultaneously overpriced, inadequate and inappropriate. Life insurance is a big [...]
Powell’s warning
Earlier this week, Fed chairman Jerome Powell appeared before Congress and spoke in serious terms about the country's debt situation. It is worth understanding what Powell said—and how that might impact your investments. Powell's message: “The U.S. federal government is on an unsustainable fiscal [...]
An obscure story worth understanding
A little while back, The Wall Street Journal ran an article with a puzzling title: “How China Pressured MSCI to Add Its Market to Major Benchmark.” Like a lot of market news, this arcane-sounding story came and went without much notice. But it is worth pausing to understand what it was all about, [...]
Priceless
Suppose you walked into a restaurant, and they handed you a menu without prices. Would you conclude that: (1) Everything is free (2) Something funny is going on I doubt anyone would choose option 1; it defies logic. Yet, this is how the 401(k) industry routinely operates, and large numbers [...]
The case of Conrad Seghers
In the summer of 2000, the Art Institute of Chicago fell under the spell of a young hedge fund manager named Conrad Seghers. The allure? Seghers claimed that his funds, called Integral, offered “the highest Sharpe ratios in the industry.” The Sharpe ratio is supposed to measure an investment's risk [...]
- 1
- 2
- 3
- …
- 21
- Next Page »
