Sometimes, the simpler message is not the right one.
A Trump advisor’s objections to the new standard make one good point, one mixed, and two bad.
Perhaps something profitable – but who can know?
Why the winners will keep winning.
Perhaps median returns tell an even less-pleasant story.
Managers shouldn’t try to guess which factors had what effect on the market.
Sometimes, less thinking leads to more.
It makes sense, but can it happen?
If index funds are core, where does that leave active management?
The future could be a lot less happy than the past.
But, overall, Vanguard's index funds have been better.
"No load" sounds simple--but it is not.
Fund companies that don't sell cheap funds are struggling.
Useful investments that are widely ignored.
There are no public investment funds that are managed as patiently as were Berkshire Hathaway’s early portfolios.
Yesterday, today, and probably tomorrow.
Vanguard’s report brings additional hope.
Half the reason is legal, the other half is practical.
A big change in investor behavior has an economic explanation.
Costs, time periods, and taxes.
Examining the argument that poor kids become better portfolio managers.
Ab Nicholas, rest in peace.
A colorful mix, but not very informative.
They were never going to be good ... but this bad?
When the market changes, but the fund does not.
Recent legal actions have not targeted the worst offenders, but are an (inefficient) step in the right direction.
Investors buy the right funds, but at the wrong times, says John Rekenthaler.
No matter what your answer, you will be right--and wrong.
Don't look close to home for the answer.
Survivorship, fund returns, and the return gap.
Once again, the stock market takes the forecasters by surprise.
It is a common argument, but not solidly grounded.
Catching up with the times.
Personal licensing, access to the federal savings plan, and a stronger SEC.
And the best investment response is the same.
But he nabs the wrong villain.
Active managers’ biggest problem is not performance, but rather in investor expectations.
Value investing, emerging markets, and preferred stocks.
Small changes, big improvements.
Vanguard CEO Bill McNabb gives his take on the fiduciary rule, pricing for advice, expected market returns, corporate governance, and target-date funds.
Indexing, automated advice, and the new fiduciary standards.
Asset allocation gets the spotlight, but contribution rates count for more, and perhaps costs, too.
The "future of the fund industry" wasn't.
The dispersion can be rationally explained. Plus, a look at two lawsuits making waves this week.
Twenty years later than advertised, but who's counting?
Public pension funds and investment managers have reached very different conclusions in the guesswork that is predicting investment returns.
A conversation with Rob Arnott.
The arguments for and against.
The ups and downs each inform.
Chalk up another one for indexing.