A while back, I remember speaking with an industry colleague about a company that had been in the news. He told me that he liked the company's stock and that, in fact, he had bought it for the mutual fund that he managed. Then he added, parenthetically, “I owned it, then I sold it, then I bought it [...]
Knowing what you don’t know
In the spring of 2000, University of California professor Terry Odean published a research paper on the topic of investor behavior. The results weren't pretty. On average, by Odean's reckoning, individual investors lagged the overall market by nearly four percentage points per year. The culprit: the [...]
Relatively normal
Ted Benna, the inventor of the 401(k) retirement plan, famously once stated that the system he created should be “blown up.” Why? It's not the fundamental structure, which he still believes in. What he doesn't like is the complexity and the costs that characterize today's typical 401(k). The [...]
An uncomfortable question
A few years back, a fellow named Wylie Tollette faced some uncomfortable questions as he sat before the public oversight committee of the California Public Employees Retirement System (“CalPERS”). As the pension fund's Chief Operating Investment Officer, Tollette was responsible for updating the [...]
Misbehaving
When someone titles their memoir Misbehaving, you know it's going to be interesting. And, as it turns out, it can also help you win a Nobel Prize. Such was the case this week when Richard Thaler, an economist at the University of Chicago, won the prize in economics. As you may know, Thaler helped [...]
- « Previous Page
- 1
- …
- 4
- 5
- 6
- 7
- 8
- Next Page »
