Underinvested in US Equities, Overinvested in Hedge Funds
Last summer in Boston, the Trustee Leadership Forum for Retirement Security held its annual meeting at Harvard’s Kennedy School....
How to Make a Killing in Global Warming
The Losing Bet on Climate Change It doesn’t matter whether you do or don’t believe in climate change when it comes to...
The Spending Habits of the 0.01%
Attention peasants: The Greubel Forsey GMT at $549,000 Source: Greubel Forsey I have been hearing a lot about the spending habits...
Be Wrong Like Ray Dalio
In yesterday’s column, I wrote: If you have an issue with Social Security, then fix it. The regressive taxes to fund retirement...
Why Don’t We Hold Pundits Accountable?
Five years ago, Arthur Laffer — creator of the Laffer curve and a member of President Ronald Reagan’s Economic Policy...
Why Does Everyone Hate Home Ownership ?
Hating Homeownership The perception that housing is a bad investment is influenced too much by recent events. Bloomberg, May 6, 2014...
Finance’s Greatest Innovation: “Don’t Prosecute Us’
Banks Take the Economy Hostage Prosecutors are considering bringing criminal charges against two overseas banks for charges ranging from...
Gasoline Tax, Unchanged Since 1993, is Due for an Increase
U.S. on Highway to Flunking Out Roads are crumbling, bridges are collapsing, and what was once considered one of the greatest...
The Broken SEC Enforcement Mechanism
The Best SEC Money Can Buy The retirement speech from a Securities and Exchange Commission lawyer sums up much that is wrong with the...
What You’re Hearing Is Noise
What You’re Hearing Is Market Noise Much of what you hear about financial markets is noise that often is seductive, but wrong....