Woods, Miller and the broken promise of alpha
For well over a decade Tiger Woods was the #1 ranked golfer in the world, the winner of 14 major championships and was well on [...]
Through the looking glass, (another) markets edition
Several commentators have in recent days drawn attention to the extremely overbought market.Cullen Roche at Pragmatic Capitalism, for example, notes that 95 per cent of the S&P...
Now That Would Be A Disclaimer
A reader left the following comment on the Seeking Alpha version of my post about the Fairholme Fund from the other day.I'd be more impressed if these Monday morning quarterbacks had been around warning investors during Berkowitz's good times.But that ...
Berkowhathappened?
Barron's had a feature on the recent goings on at the Fairholme Fund (FAIRX) which is primarily managed by Bruce Berkowitz but the fund has always been pitched as a team effort. Assuming Barron's has it right I can only conclude that this is and has be...
The mutual fund industry has a problem
The mutual fund industry has a problem. Nobody is actively engaged with mutual funds anymore. Remember when people used to care who ran the Fidelity [...]
Is Bruce Berkowitz a dinosaur?
A couple of weeks ago we posted a video of an interview with Vanguard founder Jack Bogle in which we asked whether Bogle was now [...]
Teaching a new dog old tricks
With good reason ETFs get a huge amount of publicity in the media, the blogosphere and here at Abnormal Returns. According to the Investment Company [...]
Swensen Is Not A Fan Of Mutual Funds
David Swensen the honcho at the Yale Endowment fund had an op ed in the NY Times over the weekend that was very critical of the mutual fund industry, specifically actively managed funds. It is not new that he believes individual investors are better ...
Swensen on the mutual fund industry
In an earlier post we took a critical look at the consequences of Mark Cuban’s advice to individual investors. The upshot was that Cuban was [...]
Swensen on the mutual fund industry
In an earlier post we took a critical look at the consequences of Mark Cuban’s advice to individual investors. The upshot was that Cuban was [...]
The Susie
Longtime acquaintance Mick Weinstein has an interesting post up at Covestor about what appears to be a new venture for Suze Orman. Per the article her investment advice has focused on dollar cost averaging into diversified mutual funds without market t...
Sunday Morning Coffee
James Altucher had another entertaining post, this one titled 10 Reasons You Should Never Own Stocks Again. Most of the reasons center on your (really he means just about everybody) inability to compete in the market as it trades and to a lesser extent...
