Friday, November 22, 2013

29 Dumb Things Finance People Say

Morgan Housel, the Motley Fool, Business Insider

The columnist Morgan Housel has great exposure to financial journalism through his work. In this article he summarizes the 29 most common dumb phrases finance people have said.

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Sunday, August 25, 2013

Vanguard’s Bogle responds to ‘parasite’ tag

John Bogle, Financial times

John Bogle, founder of Vanguard Group, respond to an article of a fund manager, David Smith, who described the index mutual fund as a “passive parasite”. Mr Bogle explains that active management has higher fees than passive management and consumes a huge percentage of the annual returns.

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Friday, June 21, 2013

Fund staff sell active idea but invest passively

Danielle Sottosanti, Financial times

According to an Ignites poll, many fund industry professionals invest a sizeable portion of their personal in exchange traded funds (ETFs) and other passive funds, while selling active management products.

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Thursday, April 4, 2013

Monkeys beat market cap indices

A study published by Cass Business School's Cass Consulting in London simulated the stock-picking abilities of a monkey (10 million simulations). The "monkeys" (indices constructed randomly) obtained vastly superior returns than a fund manager (market capitalization-weighted index).

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Thursday, March 21, 2013

You Don’t Need To Understand Your Investments

Mitch Tuchman, Market Riders

Many people invest only inside of their own country or because they recognize the brand name. They choose these investments because they believe they understand them better. Unfortunately this is rarely true and often disastrous for their portfolio’s performance. Investing in a global diversified portfolio is the most effective way to get market returns.

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Monday, March 11, 2013

Where are all the Billionaires? & Why should We Care?: Victor Haghani at TEDxSPS

TED, 11 march 2013

Victor Haghani uses the puzzle of the missing billionaires to help us explore how and why most investors fail to capture the returns offered by the market. He puts forward a simple but powerful solution for those who aren't satisfied with the status quo: it's called "Active Index Investing." This approach combines the best features of low-cost index funds with the appealing and successful aspects of active management, all for 1/10th the price that many investors currently pay.

Thursday, February 14, 2013

Senator Elizabeth Warren's First Banking Committee Hearing

Senator Elizabeth Warren at the Feb. 14, 2013

Banking Committee Hearing titled "Wall Street Reform: Oversight of Financial Stability and Consumer and Investor Protections." 

The witnesses were: The Honorable Mary Miller, Under Secretary for Domestic Finance, U.S. Department of the Treasury; The Honorable Daniel Tarullo, Governor, Board of Governors of the Federal Reserve System; The Honorable Martin Gruenberg, Chairman, Federal Deposit Insurance Corporation; The Honorable Tom Curry, Comptroller, Office of the Comptroller of the Currency; The Honorable Richard Cordray, Director, Consumer Financial Protection Bureau; The Honorable Elisse Walter, Chairman, U.S. Securities and Exchange Commission; and The Honorable Gary Gensler, Chairman, U.S. Commodity Futures Trading Commission.

Monday, February 11, 2013

R.I.P. Swiss private banks

Rajiv Patel, humoristic economic consultant for Couleur 3, commens the change in legal status announced by Lombard Odier and Pictet.

Wednesday, January 16, 2013

What President Obama Must Do in His Second Term to Protect Main Street From Wall Street, January 16th 2013, Dennis M. Kelleher

What Obama must do in order to reform the financial system and protect the country against Wall Street.

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