When to consider annuities rather than bonds.
For more than 30 years, the fund has delivered on all counts.
Rethinking 90-year-old regulations.
Probably not, from the performance charts, writes Rekenthaler in this article from the archives.
Measuring the effects of multiple expansion.
When investor communities, not institutions, drive security pricing.
The investment math is surprisingly messy
Wage disparity is only half the story.
Considering the future of a fund-industry flop.
The lesson learned by translating yesterday's dollars.
The outlook for bonds is clearer than that for stocks.
For most investors, ongoing expenses are much more important than transaction costs.
For the most part, the markets behaved in line with expectations.
The safest way to deliver that performance is through indexing.
Instinctively, they understand how to stretch their portfolios.
Should we be concerned about the financial markets' excesses?
Where the industry is headed.
Don't ignore the program's defaults.
Improving upon current practices.
Small isn't always beautiful.
At long last, indexing's detractors have a legitimate complaint.
You're either born a growth-stock investor, or you're not, in this column from the archives.
From institutions to individual investors.
The odds favor equities.
Three professors claim that such funds dupe inattentive shareholders.
Today's retirees will have difficulty continuing a long and happy trend.
Assessing the current proposals before Congress.
A genius to admire but not emulate.
The odds favor Goliath.
The math doesn't support the argument.
The reasons are not entirely nefarious.
Unlike the children of Lake Wobegon, most companies are below average.
Half the reason is legal, the other half is practical.
The leading funds have compensated for the group’s overall struggles
Drawing public lessons from a private fund's problems.
Sheep, sloths, and gorillas.
Their economies have astonished; their stock gains, not so much.
A brief overview of the topic for those who have not yet retired.
Quietly, high-quality bonds have taken a beating.
A column from the archives on value investing, emerging-markets stocks, and preferred stocks.
Sometimes past performance is indeed predictive, and then so is the star rating.
Better that fund companies hire on merit than familiarity.
Reality check: For whom does the market really work?
The affluent are well served by today’s retirement-income structure, but not everyday workers.
The anecdotes entertain, but the economic implications should not be ignored.
Is the currency worth owning?
And two ways that it does not.
When investments come with warning signs.
The popularity of the company’s funds raises a tricky question.