Active Management

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I think this is a really big deal.  The average active mutual fund has a 0.3% to 2.0% per year tax disadvantage to an...

Gotta Hand it to Them

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Morningstar does produce some beautiful publications: Deja Vu All Over Again The Real World is Not Normal        

Inflation

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After my post the other day on Real Returns, my father thought he would send me a real time example.  So, I opened a...

You Are Not Anonymous

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My blog is too boring/academic to get many hecklers (though I still get a few).  And almost always, the hecklers are anonymous (or at...

Taxes and Inequality

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Here is a PPT on inequality from Prof. Hendricks, as well as a table of tax rates from "How Tax Efficient are Equity Styles?"...

Real Returns (or, I Remember When a Coke Cost 25 Cents)

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The post below is very important, and is something most investors never really grasp. I used to consider writing a book on this topic,...

Fireside Chat with Hendry and Drobny

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I had a good breakfast with my buddy Steve Drobny the other day here at the beach.  Steve runs Drobny Global and is a...

Knowledge Tracking

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Fun video.  (HT: AF & Sea) [vimeo 29001512 w=400 h=225]Roger Craig - Knowledge Tracking from Steven Dean on Vimeo. httpv://youtu.be/YRwK8SyVeJE  

Biggest Mistakes for Investors

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I probably find most of my links from Abnormal Returns, but CXO isn't far behind.  Found this paper and CXO summary here: Investing for the...

Curating the Institutions

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One of the difficulties I have is that a great deal of my information comes from various sources (blogs, newsletters, academic papers, website, etc)....