“Oh, you are a stock market guy? I’d love you to talk to my son Johnny. He is really interested in investing. When he was a freshman in high school, … Read more →

An Open Letter to Facebook and Instragram Millionaires A veritable horde of newly minted Facebook and Instagram millionaires has the wealth management industry frothing. By simply walking into the foyer … Read more →

In their 1978 song, “What a Fool Believes,” the Doobie Brothers spin a tale of a man who is self-deceived, trusting a lie of his own making. Somehow, this poor … Read more →

Bill Gross and his Pimco gang came riding into Wall Street last week with guns blazing, like outlaws in a Clint Eastwood Western, launching the first formidable “active” exchange-traded fund. … Read more →

When building a retirement portfolio consisting of funds, investors have two basic choices: give your money to a mutual fund, pay high fees and hope they “beat the market” (called … Read more →

“In the short run, the market is a voting machine, but in the long run, it is a weighing machine.” This quote from Benjamin Graham means that over a long … Read more →

So you have discovered the merits of dumping your high-priced money manger and his ineffective mutual funds in favor of low-cost index funds allocated across stocks, bonds, and cash. You … Read more →

Several years ago, our firm retained Miller McMillian, a copywriter, to help us with our website. Little did we know, he began investing using the methods we’ve been espousing in … Read more →

Like a volcano, markets go through phases: they do very little and then suddenly they spit fiery lava. With new problems being introduced each day, be it Greek debt or … Read more →

We frequently write about the uncontested fact that most stock pickers, professional or amateurs, don’t consistently beat the market. We know that rock-star stock pickers like Peter Lynch in fact … Read more →