“Nobody knows nothing” is a statement made by screenwriter William Goldman about the movie business. He meant that even after making movies for over 100 years, no one actually knows exactly how to make a successful movie. Sometimes sure things bomb. Sometimes long shots win big.
To draw a parallel, we assembled a few articles that [...]
Category Archives: Underperformance of Managers
“Nobody knows Nothing”
Saturday, April 24, 2010
From Warren Buffett: Advice Helpful for an IRA Rollover
Saturday, March 13, 2010
Warren Buffett is our generation’s Benjamin Franklin, a humble billionaire full of great advice, quips and invaluable insights. While he never gives direct investment advice, one can gleen some helpful hints about investing in one’s IRA Rollover account.
To paraphrase Warren, most investors should “do as I say, not as I do.” The world’s greatest investor [...]
Behind Closed Doors – The Untold Story About Diversification
Monday, March 8, 2010
Have you ever been a part of one of those trusted conversations where you become privy to information that is so powerful it would disrupt the status quo?
Think of the conversations that occur behind closed doors at the White House, corporate boardrooms or U.S. Central Command. We all understand that there are elements of those [...]
If You Are An Index Investor, Where Does Explore Investing Fit In?
Thursday, December 31, 2009
In this week’s Forbes column, Rick Ferri asserts that “partial indexing works for Wall Street, not investors”. In this penetrating article, Rick ruthlessly uncovers Wall Street’s agenda is selling indexing for efficient markets while directing clients towards highly priced actively managed mutual funds for “inefficient markets”. As Ferry states, “Welcome to ‘Core and Explore’, also [...]
Tracking 9 ETF Portfolios – Surprise Winners and Losers So Far in 2008
Thursday, September 11, 2008
The famous professors at Yale have proven that asset allocation accounts for 90% of a portfolio’s return and that stock picking and market timing account for less than 10%. So what a great time to look at how different asset allocations are faring in this market!
In 2008 it turns out that asset allocation decisions have everything [...]
Can You Beat the Market? It’s a $100 Billion Question
Monday, March 3, 2008
By MARK HULBERT
Published: March 9,
2008 in the New York Times
INVESTORS collectively spend around
$100 billion a year trying to beat the stock market. That’s the finding of a
rigorous effort to measure the total costs of Americans’ efforts to surpass the
returns they would have received by simply holding a stock index fund. The huge
price tag helps explain [...]
