Well, we've learned one thing recently: having all one's assets tied to the vagaries of the stock market — or the bond market, for that matter — is a dangerous business.
Last year's worst performers were leveraged and inverse funds, and the plaintiff's bar is salivating over the potential for lawsuits.
In his tenth edition of "A Random Walk Down Wall Street," out this year nearly 40 years after the first edition launched, Malkiel says financial advisors do matter, after all.
Claims that fundamental indexes would outperform have so far been true. But is there enough data to build client portfolios around fundamental indexes?