In an article titled Retirement Casino, on p. 46 of our November 2008 issue, we made an error. In the graphic of an excel spreadsheet on that page, in the row corresponding to Retirement Alpha, the equation should read (2*(D14 +2*H16)/(D15^2 + H16...
Regulators typically offer a “settlement premium” that is meant to represent a discount on sanctions they would seek at a hearing or trial. Is it worth it?
In the past, fund reopenings have often signaled a market bottom.
Some of the best fund managers say stocks are now a bargain.
Since the credit crisis began unfolding, many strange things have occurred in the fixed-income markets. Among the strangest has been the downturn of municipal bonds. High-grade municipals have long been considered reliable investments, but during...
Plaintiffs' lawyers periodically charge that mutual funds impose excessive fees. But costs in the industry have been declining steadily.
I used to think that socially responsible investing (SRI) was basically the politicization of investing. Our society has become so politicized these days, I have heard people politicize food; when, in truth, we should be striving to maintain a...
Can, say, an oil company, be considered an eco-responsible company? What about a company that caters to “non-married” lifestyles? Is that “socially responsible”? One man's virtuous stock is another man’s sinful stock.
Even great fund managers slump. Don’t sell; buy the dips.
Bloomberg.com is reporting today that the legendary fund manager Bill Miller has lost his touch. After 15 years of outperforming the S&P 500, Miller, the manager of the Legg Mason Value Trust (LMVTX), has slipped into a funk, and assets in the...