Wall Street blunders

Most of the country’s largest pension plans hire consultants to help them pick winning managers. They assume, of course, doing so will lead to better results. Evidence to […]

Another new year has begun, which means the financial media’s “Where to Invest Now” guides are coming to newsstands near you. As usual, headlines will look something like “Top Stock […]

A lawsuit brought against 401(k) plan giant Fidelity by its own employees underscores—yet again—the importance of minimizing investment costs.

Why—in the face of such overwhelming evidence to the contrary—do investors and managers continue to believe they can ‘outperform’ markets? Two words: Fees and Overconfidence. The latter […]

It’s that time of year again.  A fresh batch of “Where to Invest in 2013” publications are in full circulation.  Since we know these market guides won’t ever come with […]

Contrary to one market pundit’s prediction that 2011 would be an “easy year for stock pickers,” last year turned out to be pretty tough for active managers. Fully 84% […]

With the this year’s batch of “Where to Invest” market guides now hitting stores, a review of the leading financial publications’ 2011 predictions might serve as a necessary warning for […]

A lawsuit brought against Ameriprise Financial by its own employees underscores the importance of minimizing investment costs. But we think there’s another story here that has gone unreported.