With all the sizzle and excitement in the stock market, bonds don’t always get the respect they deserve from individual investors. After all, how can you get excited over returns of 5% or 6% in bonds when you can have profitable periods of 25%-plus in stocks? It’s easy: when stocks hit their inevitable down periods, bonds can prop up a […]
Month: September 2006
A legendary manager of hedge funds warns investors away
When Michael Steinhardt tells you not to invest in hedge funds, you had better take notice. Steinhardt left the hedge fund business in 1995 after running one of the most successful funds ever. He wrote a recent guest editorial in The New York Times excoriating the industry’s marketing and warning most investors to avoid such funds. “As recent history shows, the outsized […]
