Index funds Are the Root of All Evil
Index-Investing Critic Takes Aim, Fires, Misses New arguments against low-cost, passive investing are no better than the old ones....
Partisan Bias of Financial Analysts
Don’t Like Trump? Your Financial Analysis Might Be Biased Partisanship should have no place in a corporate-credit rating. A new study...
BBRG: Don’t Like Trump? Your Financial Analysis Might Be Biased
Don’t Like Trump? Your Financial Analysis Might Be Biased Partisanship should have no place in a corporate-credit rating. A new study...
RIP: Paul Desmond of Lowry’s Research
I was saddened to learn today that Paul Desmond of Lowry’s Research has passed away. Paul was instrumental in our understanding of...
Costs of Advisor Conflict of Interest, State by State
Source: Economic Policy Institute We have been discussing the fiduciary standard of care owed to investors for some time...
Forecasting? Wall Street is Wising Up
Wall Street Wises Up to the Folly of Forecasting One economist says what should be obvious: Making predictions only means you will be...
Don’t Blame Morningstar for Our Own Shortcomings
Morningstar’s Star System Was Always a Bright Shiny Object The ratings look backward and give a false sense of comfort. Bloomberg,...
Overdue: Richard Thaler, Nobel Laureate in Economics
One of my favorite behavioral economists, Richard Thaler, has finally been moved off of the short list: The Royal Swedish Academy of...
Turbulent Times in Quant Land
This week’s MiB is with Matthew Rothman, currently head of Global Quantitative Equity Research at Credit Suisse, and Senior...
Marks on FAANGs
If you want to have a better understand why Howard Marks is considered one of the all time greats in investing, have a look at this...