Low savings rate threatens American retirees

Despite all the attention being paid to the problems that may be caused by the imminent retirement of the Baby Boomers and the threat to Social Security, most Americans still aren’t saving enough ...

Where to find real stock market value

Many investors have a vague notion that “small” stocks and “value” stocks are something they should consider for their portfolios. Yet the average investor’s portfolio is ...

Client Letter – Q1 2004

The real danger to our wealth is not inflation or risky stock markets or federal budget deficits. Instead, the simple mistakes most investors make hurt them far more than any outside market or economic ...