In a widely publicized bet with hedge fund manager Ted Seides, Warren Buffett wagered $1 million in 2008 that Vanguard’s S&P 500 Index Fund would deliver better returns over a ten-year period than hedge funds handpicked by Seides. The results of Buffett’s bet are in, and guess who’s doing the happy dance?

While it is too soon to grasp the full implications of the new tax law—the first significant revision to U.S. tax law since 1986—individuals and corporations will be affected by the changes starting this year. Here are some of the key changes that will go into effect.

“This could be the year,” predicted Barron’s in January, “the movie runs backward. Inflation awakens. Bond yields reboot. Stocks stumble. Active management rules.” Or maybe not.

‘Tis the season for year-end mutual fund distributions. A quick review of how these work can help those who keep a close eye on their stockings from being caught by surprise.

Dimensional Fund Advisors (DFA) takes an unconventional approach to managing money. In stark contrast to the “active” money management that defines Wall Street, DFA embraces a “passive” approach rooted in academic research. But don’t confuse DFA’s funds with index funds.