This Fund Lost 94%, and Yet Could Have Been Useful
A bad gamble, but perhaps a good hedge.
Rekenthaler Report
The Problem of Volatility Drag
What goes down, does not fully go up.
When Investment Theory Fails: Leverage
The concept appeals, but the reality does not.
Monday's Lessons
The difficulty of hedging, the risks of option writing, and frozen websites.
Does Leverage Ever Make Sense?
Taking on the taboo.
Why Putnam Has Struggled With Its Absolute Return Funds
Absolute return is an aspiration, not a realistic investment objective.
AQR Dominates
But is it the Vanguard of alternative investing?
The Taxman Says, Don't Trade!
However, it is difficult to resist the temptation.
Putting Larry Fink's Corporate-Governance Comments to the Test
Two counterarguments, as well as some numbers.
Larry Fink's Attack on U.S. Corporate Governance
Is Gordon Gekko becoming passe?
Fidelity's 2017 Comeback
Its big U.S. stock funds delivered the goods.
Medallion Fund Is Like No Other
Its success is inspiring, but it doesn’t seem to be repeatable.
Have Stock Investors Become Smarter?
Market volatility keeps going down, down, down.
Investment Implications of the Tax Bill
The silliest features were dropped, but two concerns remain.
Is the Stock Market a Zero-Sum Game?
Yes and no.
The Future of Fund Governance
What happens when so few own so much?
The Lesson of Hard Knocks: Part 2
The details of my virtual financial-advisor experience.
The Tax Bill Contains Serious Flaws for Investors
Policy wonks can fix the problems--if Congress permits.
Index-Fund Imbroglio
Regulate CEOs, not asset managers.
Fixing Small-Company 401(k)s
The solutions are straightforward, but getting them enacted is not.
United States