Interest Rates and Bond Yields

Lately I have seen a lot of articles about how people are getting out of large cap stocks, large cap funds, equity ETF’s and moving their money in significant amounts to Bond Based funds of whatever type. In reflecting on this I think most investors don’t understand the inverse relationship between bond yields and interest [...]

When Charlie Munger Speaks, I listen

A very revealing conversation from 88 Year Old Charlie Munger. Lots of lessons here for those who open their ears and eyes. http://plus.cnbc.com/rssvideosearch/action/player/id/3000088395/code/cnbcplayershare

Fun With Numbers-Beware the False God of Math

Today I was reading an article in Investment Executive under their special section Exchange Traded Forum 2012. The article was titled Growth of Exchange Traded  Funds Booming. The sub heading was Advisors can play an important role in helping clients choose from a record high number of ETFs and notes A quote from the article: “The first [...]

What to Look For in an Active Investment Manager – NYTimes.com

Barclays has come up with a new way to pick Fund Managers, called  ”The Science and Art of Manager Selection,”  This New York Times articles gives a synopsis of the report as well as a link too it. Too busy to read it you say? Here is a conclusion from one of the report authors. [...]

Don’t Be a Navel Gazer!

Today with technology, Google, 24/7 business news it is so easy to focus on the Now and be affected one way or another by the latest news. I call it the Tyranny of the Now.  This is a very bad thing. You can fall victim to some biases that can impact your wealth in a [...]

Was Goldman Sachs Right…

…..About many of their clients being muppets. This morning I came across several things that lead me to believe that Goldman Sach’s assessment of their clients while crude may be accurate. The average investor may win occasionally but more often than not loses for a variety of reasons. The purpose of this post is to [...]