Public pension fund travails show that risk and fees matter

Some pension funds for state and local employees have sought higher risk investments in order to boost returns and make up for funding shortfalls. Others have stuck to a traditional diversified stock and ...

Gold disappoints over the long-term

Gold has been on a tear since 2000, but its long-term record of growth for individual investors is pretty poor. From the end of 1999 through 2011, gold beat most major equity asset classes, gaining an ...

Scary predictions by perma-bears end up being hot air

Volatilestock markets generate a peculiar type of celebrity known as the “perma-bear.” This is the highly negative forecaster who gets credited with calling a bear market before it starts. ...

The Death of Equities, Revisited

A recent article appearing in the Financial Times caught our eye—or perhaps we should say ear. At first glance it was unremarkable—just one among dozens of recent think pieces suggesting that investors ...