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2009


Investing Experts Urge ‘Do as I Say, Not as I Do’
January 3, 2009: The Wall Street Journal
Even the best investing minds find taking even the best advice easier said than done.
http://online.wsj.com/article/SB123093692433550093.html

Where Ezra Merkin Lost His Way
January 10, 2009: The Wall Street Journal
How a famed value investor ended up ensnared in Bernie Madoff`s Ponzi scheme.
http://online.wsj.com/article/SB123154725747869771.html

Smart Money Takes a Dive on Alternative Assets
January 17, 2009: The Wall Street Journal
How the world`s largest -- and supposedly smartest -- investors got suckered on private equity and hedge funds.
http://online.wsj.com/article/SB123215608809092459.html

Why Market Forecasts Keep Missing the Mark
January 24, 2009: The Wall Street Journal
How just ten days out of 29,694 made all the difference, and why the prophets of doom don`t often profit.
http://online.wsj.com/article/SB123275782424412007.html

Muni-Bond Bargains: The Devil’s in the Details
January 31, 2009: The Wall Street Journal
Municipal bonds have been left for dead in the market, but you must shop wisely.
http://online.wsj.com/article/SB123336269167335403.html

Pay Collars Won’t Hold Back Wall Street’s Big Dogs
February 7, 2009: The Wall Street Journal
Why the attempts to cap pay on Wall Street can\'t work.
http://online.wsj.com/article/SB123396963383059235.html

1930s Lessons: Brother, Can You Spare a Stock?
February 14, 2009: The Wall Street Journal
Just in case we are in for a repeat of the Great Depression, it can`t hurt to look back and see which stocks did best in the worst of times.
http://online.wsj.com/article/SB123456259622485781.html

As Stock Losses Loom, Don’t Throw a ‘Hail Mary’
February 21, 2009: The Wall Street Journal
Why desperate investors do desperate things, and how to avoid joining in.
http://online.wsj.com/article/SB123518055107638381.html

After the Crash, Stocks May Face Long Road Back
February 26, 2009: The Wall Street Journal
The markets will recover, but that recovery will probably take longer than many investors imagine.
http://online.wsj.com/article/SB123561056456077505.html

How Managing Risk with ETFs Can Backfire
February 28, 2009: The Wall Street Journal
Why the hottest investments around -- leveraged ETFs -- are too hot for just about anybody.
http://online.wsj.com/article/SB123578237239398181.html

Tempest-Tossed? Take Some Control
March 4, 2009: The Wall Street Journal
Instead of plunging in and out with both feet, take some baby steps.
http://online.wsj.com/article/SB123612913479324703.html

‘Rebalancing’ Your Portfolio Can Be a Tough Ride
March 7, 2009: The Wall Street Journal
Selling some of whatever`s gone up and buying some of whatever`s gone down is a good idea. But it can`t work miracles.
http://online.wsj.com/article/SB123637573235256849.html

Corporate-Cash Umbrellas: Too Big for This Storm?
March 14, 2009: The Wall Street Journal
As Benjamin Graham warned long ago, some companies keep too much cash for your own good.
http://online.wsj.com/article/SB123698238718924581.html

Did Your College Savings Plan Blow up on You?
March 21, 2009: The Wall Street Journal
How 529 plans delivered just the wrong kind of education to their investors.
http://online.wsj.com/article/SB123758112211598861.html

The Fight Over Who Will Guard Your Nest Egg
March 28, 2009: The Wall Street Journal
Will brokers ever agree to be held to a higher `fiduciary` standard of caring for clients?
http://online.wsj.com/article/SB123819596242261401.html

Is Your Investing Personality in Your DNA?
April 4, 2009: The Wall Street Journal
What the emerging science of genoeconomics can tell us about investing.
http://online.wsj.com/article/SB123879381940987845.html

Investors Face Tough Duel When Fighting Brokers
April 11, 2009: The Wall Street Journal
Why arbitration can be so arbitrary from the investor`s point of view.
http://online.wsj.com/article/SB123939571440409313.html

Will Leveraged ETFs Put Cracks in the Market Close?
April 18, 2009: The Wall Street Journal
A look at whether leveraged ETFs may be responsible for higher market volatility.
http://online.wsj.com/article/SB124000593149930309.html

How Group Decisions End up Wrong-Footed
April 25, 2009: The Wall Street Journal
Why does committee decision-making so often go awry?
http://online.wsj.com/article/SB124061065847354263.html

CEOs Need to Bring Investors Along for the Ride
May 2, 2009: The Wall Street Journal
Some simple suggestions for reforming executive compensation.
http://online.wsj.com/article/SB124121294473578541.html

For Mother’s Day, Give Her Reins to the Portfolio
May 9, 2009: The Wall Street Journal
What men could learn about investing from women.
http://online.wsj.com/article/SB124181915279001967.html

Should Managed Futures Be in the Cards for You?
May 16, 2009: The Wall Street Journal
Making money in commodities is not quite as easy as it looks.
http://online.wsj.com/article/SB124242429895325075.html

If You Think the Worst Is Over, Take Benjamin Graham’s Advice
May 23, 2009: The Wall Street Journal
In the market rebound, the worst investments have had the best returns. Don`t get carried away.
http://online.wsj.com/article/SB124302634866648217.html

Is Your Fund Pawning Shares at Your Expense?
May 30, 2009: The Wall Street Journal
A peek into the shadowy world of securities lending.
http://online.wsj.com/article/SB124363555788367705.html

Wall Street Clearance Sale Leaves Few Bargains
June 6, 2009: The Wall Street Journal
With the market recovering, where can investors find good values?
http://online.wsj.com/article/SB124423818488390157.html

Is Vanguard Sailing in Uncharted Seas?
June 13, 2009: The Wall Street Journal
What was behind the fund company`s bid for the iShares ETFs?
http://online.wsj.com/article/SB124483951556110891.html

About Time: Regulation Based on Human Nature
June 20, 2009: The Wall Street Journal
At long last, behavioral economics comes to Washington.
http://online.wsj.com/article/SB124545477468032915.html

The Time to Tame Inflation is Before It Strikes
June 27, 2009: The Wall Street Journal
Why Treasury Inflation Protected Securities still make sense.
http://online.wsj.com/article/SB124605287991763101.html

Does Stock Market Data Really Go Back 200 Years?
July 11, 2009: The Wall Street Journal
What many investors don`t know about stock returns `since 1802.`
http://online.wsj.com/article/SB124725925791924871.html

Using the Lottery Effect to Make People Save
July 18, 2009: The Wall Street Journal
How a combination of a lotto ticket and a CD has helped raise savings among the working poor.
http://online.wsj.com/article/SB124786612839159989.html

What’s Under the “Emerging” Curtain
July 25, 2009: The Wall Street Journal
Emerging markets are hot. Will they stay hot?
http://online.wsj.com/article/SB124846985120879989.html

Data Mining Isn’t a Good Bet for Stock-Market Predictions
August 8, 2009: The Wall Street Journal
What butter production in Bangladesh tells us about stock returns in the U.S.
http://online.wsj.com/article/SB124967937642715417.html

Can the Supreme Court Undress High Fund Fees?
August 15, 2009: The Wall Street Journal
A new case offers the chance to improve the way fund boards set expenses.
http://online.wsj.com/article/SB125029100014533353.html

Why Investors Need to See the Light and Slow Down
August 29, 2009: The Wall Street Journal
After one of the biggest market rallies in history, now is no time to get more aggressive.
http://online.wsj.com/article/SB125149410400267863.html

Why Do Investors Sit Tight in 401(k)?
September 5, 2009: The Wall Street Journal
A look at sitting bulls: the 401(k) investors who buy stocks and then never sell.
http://online.wsj.com/article/SB125209938267387389.html

Should You Buy Municipal Bonds Individually or in a Fund?
February 3, 2009: The Wall Street Journal Online
A blog post on how to tell how you should own munis.
http://blogs.wsj.com/wallet/2009/02/03/should-you-buy-municipal-bonds-indiv...

Financial Crisis Has an Upside: ‘The Joy of Schadenfreude’
February 12, 2009: The Wall Street Journal Online
A blog post on the neuroscience of seeing the rich suffer.
http://blogs.wsj.com/wallet/2009/02/12/wall-street-crisis-schadenfreud/

A Sign of the Times: The New Meaning of ‘Asset Management’
March 12, 2009: The Wall Street Journal Online
A blog post on the latest wrinkle in asset management.
http://blogs.wsj.com/wallet/2009/03/12/a-sign-of-the-times-the-new-meaning...

Inside the Madoff Scandal
March 12, 2009: The Wall Street Journal Online
An online video investigation of Bernard L. Madoff`s Ponzi scheme.
http://online.wsj.com/video/inside-the-madoff-scandal-chapter-one/81AB0844-...; http://online.wsj.com/video/inside-the-madoff-scandal-chapter-two/27203456...

This Is Your Brain on Investment Advice
March 31, 2009: The Wall Street Journal Online
A blog post on the neuroscience of taking financial advice from an `expert.`
http://blogs.wsj.com/wallet/2009/03/31/this-is-your-brain-on-investment-adv...

Remembrances: Peter L. Bernstein, 1919-2009 Risk-Management Pioneer and Best-Selling Author Never Stopped Insisting Future Is Unknowable
June 13, 2009: The Wall Street Journal
An obituary for the investment philosopher Peter Bernstein.
http://online.wsj.com/article/SB124486041357112031.html#mod%3Dtodays_us_opi...

You`ve Got Blackmail: The AOL Account that Wouldn`t Die
July 2, 2009: The Wall Street Journal Online
How does someone get billed for services he didn`t order and doesn`t want?
http://blogs.wsj.com/wallet/2009/07/02/youve-got-blackmail-the-aol-account-...

You’ve Got Blackmail II: AOL Responds
July 15, 2009: The Wall Street Journal Online
AOL says it will stop billing people for services they did not order and do not want.
http://blogs.wsj.com/wallet/2009/07/15/youve-got-blackmail-ii-aol-responds/

Buy-and-Hold Is Dead. Long Live Buy-and-Hold
September 11, 2009: The Wall Street Journal Online
If buy-and-hold is dead, then what is alive?
http://online.wsj.com/article/SB125268187666503403.html#mod%3DWSJ_hps_MIDDL...

Should a Shrinking Dollar Worry You?
September 12, 2009: The Wall Street Journal
What can American investors do to protect themselves from the declining value of the dollar?
http://online.wsj.com/article/SB125271048869905007.html

Don`t Trip in Your Search for Higher Bond Yields
September 19, 2009: The Wall Street Journal
How to avoid the coming trouble in bond funds.
http://online.wsj.com/article/SB125330719871723837.html

Painless Spending Can Hurt Pocketbooks
September 25, 2009: Public Radio
A chat with Tess Vigeland of Public Radio`s ``Marketplace`` on the psychology of credit cards.
http://marketplace.publicradio.org/display/web/2009/09/25/mm-checks/

Keeping Bad Brokers from Fading into the Background
September 26, 2009: The Wall Street Journal
Should the disciplinary record of brokers disappear two years after they leave the field?
http://online.wsj.com/article/SB125391647701442179.html

Transferring Wealth via the Bank of Mom and Dad
October 3, 2009: The Wall Street Journal
Today`s low interest rates make some estate-planning techniques unusually attractive.
http://online.wsj.com/article/SB125452042817860431.html

Don`t Let a Market Crash Hit You at the Finish Line
October 10, 2009: The Wall Street Journal
Does the risk of owning stocks really decline over time?
http://online.wsj.com/article/SB125513033586977149.html

Teach Yourself to Be a Better Investor
October 15, 2009: Morningstar
An interview with Morningstar’s Christine Benz
http://news.morningstar.com/articlenet/article.aspx?id=311658

Take off the Blinders When It Comes to Fees
October 17, 2009: The Wall Street Journal
Why individual and professional investors alike pay too little attention to how much they pay for money management.
http://online.wsj.com/article/SB125572931566890799.html

Is Buy and Hold Dead?
October 22, 2009: Morningstar
An interview with Morningstar`s Christine Benz.
http://news.morningstar.com/articlenet/article.aspx?id=312390&t1=1257558702

Staying Calm in a World of Dark Pools and Dark Doings
October 24, 2009: The Wall Street Journal
What should investors make of insider trading, `flash` orders and `dark pools`?
http://online.wsj.com/article/SB125633417039504555.html

Can Angel Investors Earn Heavenly Returns?
October 31, 2009: The Wall Street Journal
It`s a very good time to become a mini-venture capitalist. It`s also a good time to think twice before you do.
http://online.wsj.com/article/SB125694047773419513.html

Behind Buffett’s Decision, a Lesson from a Mentor
November 4, 2009: The Wall Street Journal
What Mr. Graham taught Mr. Buffett about cash.
http://online.wsj.com/article/SB125730420370927171.html

Are ETFs Causing an Emerging-Markets Bubble?
November 7, 2009: The Wall Street Journal
Is too much ``mindless money`` inflating the prices of stocks in the developing world?
http://online.wsj.com/article/SB125754825097734691.html

Drought of Credit Hampers Recovery
October 9, 2009: The Wall Street Journal
A Page One news story (with Tom Lauricella and Conor Dougherty) on how hard it has become for businesses and consumers to manage their debts and to obtain new capital.
http://online.wsj.com/article/SB125494200332471373.html

How to Ignore the Yes-Man in Your Head
November 14, 2009: The Wall Street Journal
Why confirmation bias is such a problem for investors, and what to do about it.
http://online.wsj.com/article/SB10001424052748703811604574533680037778184.h...

More Stocks Do Not Always Make a Portfolio Safer
November 21, 2009: The Wall Street Journal
New research reveals a surprise: Some portfolios are riskier with 20 or 30 stocks than they were with just one.
http://online.wsj.com/article/SB20001424052748704533904574548003614347452.h...

Are You Too Late for the Junk-Bond Party?
November 28, 2009: The Wall Street Journal
In pursuit of income, should you bail out of money-market funds and CDs to buy high-yield bonds?
http://online.wsj.com/article/SB10001424052748704498804574562032390248404.h...

Why Turning the Page on a CEO Isn`t Always a Panacea
December 5, 2009: The Wall Street Journal
A look at the belief that corporate destiny is controlled by the boss.
http://online.wsj.com/article/SB10001424052748703735004574575880529756434.h...

Reach for Stock Yield, and You Might Just Get Bitten
December 12, 2009: The Wall Street Journal
The difference between fixed income and dividend income, and why it matters.
http://online.wsj.com/article/SB10001424052748704201404574590030886119694.h...

Remembrances: Christopher H. Browne, 1946-2009: A Career of Finding Value
December 16, 2009: The Wall Street Journal
An obituary for a leading value investor.
http://online.wsj.com/article/SB10001424052748703438404574598442025375858.h...

Will 12b-1 Fees Ever Stop Bugging Investors?
December 19, 2009: The Wall Street Journal
What should the U.S. Securities and Exchange Commission do about mutual-fund marketing fees?
http://online.wsj.com/article/SB10001424052748704247504574604291928484478.h...

The Financial Year in Review
December 25, 2009: Public Radio
A roundtable discussion with Tess Vigeland of Public Radio`s Marketplace.
http://marketplace.publicradio.org/display/web/2009/12/25/mm-2009yearinrevi...

Does Golden Pay for the CEOs Sink Stocks?
December 26, 2009: The Wall Street Journal
Why it makes so little sense to pay tens of millions of dollars to corporate bosses.
http://online.wsj.com/article/SB10001424052748704718204574615950355411042.h...


2008


Do The Right Thing and Make Money
January, 2008: Money Magazine
The Good and Bad of Ethical Investing: Socially responsible funds deliver decent returns. But finding one that reflects your values isn’t so easy.
http://money.cnn.com/2007/12/19/pf/funds/ethical_investing.moneymag/index.h...; http://www.jasonzweig.com/uploads/1.08SociallyResponsible.pdf

Why You Don`t Want to Invest like an Expert
February, 2008: Money Magazine
The way some finance professors manage their money offers valuable lessons—in what not to do.
http://money.cnn.com/2008/01/28/pf/dont_expert.moneymag/?postversion=200801...; http://www.jasonzweig.com/uploads/2.08ThoseWhoCantDo.pdf

Why Is It So Hard to Save?
March, 2008: Money Magazine
New research in neuroeconomics explores how the investing brain sizes up the long-term future.
http://www.jasonzweig.com/uploads/3.08Brain&Time.pdf; http://money.cnn.com/2008/02/29/pf/intelligent2_mar.moneymag/index.htm

Why to Steer Clear of the New Gold Rush
April, 2008: Money Magazine
Stampeding into commodities right now is one of the stupidest things an investor could do.
http://www.jasonzweig.com/uploads/4.08Commodities.pdf

Stop Worrying, and Learn to Love the Bear
July 12, 2008: The Wall Street Journal
The upside of down markets
http://online.wsj.com/article/SB121582067258747665.html

How to Control Your Fears in a Fearsome Market
July 19, 2008: The Wall Street Journal
Discoveries in neuroscience that can help investors think more clearly
http://online.wsj.com/article/SB121642720591866951.html

Is It Time to Tiptoe Back into Financial Stocks?
July 26, 2008: The Wall Street Journal
No, and here`s why
http://online.wsj.com/public/article_print/SB121700939198285307.html

What to Do When Your Fancy ETF Goes RIP
August 2, 2008: The Wall Street Journal
The coming wave of closures in the ETF business
http://online.wsj.com/article/SB121762993353705851.html

Psyching Yourself up to Let Losers Go
August 23, 2008: The Wall Street Journal
When you buy and hold, you don`t have to use a death grip
http://online.wsj.com/article/SB121944445208164839.html

With Buybacks, Look Before You Leap
August 30, 2008: The Wall Street Journal
It`s not always good news when companies buy back their shares
http://online.wsj.com/article/SB122005273251785043.html

If You Bet on the Election, Don`t Use Real Money
September 6, 2008: The Wall Street Journal
Is there anything to the ``Presidential Cycle``?
http://interactive.wsj.com/article/SB122065839024405687.html?mod=Markets27_...

Should You Fear the Ostrich Effect?
September 13, 2008: The Wall Street Journal
Bulls and bears aren`t alone in the menagerie; we`re all ostriches now.
http://online.wsj.com/article/SB122125886256030143.html

Why the Obvious Isn’t Inevitable (How to Handle a Market Gone Mad)
September 16, 2008: The Wall Street Journal
The future is often least knowable when it seems most certain.
http://online.wsj.com/article/SB122152121190739301.html

Of Market Knights and Fairy Tales
September 20, 2008: The Wall Street Journal
Stocks are not about to have a magical recovery.
http://online.wsj.com/article/SB122186784815658973.html?mod=yahoo_free

Wall Street Lays Egg with Its Nest Eggs
September 27, 2008: The Wall Street Journal
Those who give advice do not always take it.
http://online.wsj.com/article/SB122246399496280083.html

The Depression of 2008? Don’t Count on It
September 30, 2008: The Wall Street Journal
Will this recession get as bad as the Great Depression? That would be very bad.
http://online.wsj.com/article/SB122272238714287459.html

Summon Your Courage and Buy Stocks
October 4, 2008: The Wall Street Journal
Investors should remember that when current prices go down, future returns go up.
http://online.wsj.com/article/SB122308219778104291.html

For Investors, Dealing with a Loss of Control
October 7, 2008: The Wall Street Journal
How uncertainty and panic mess with your investing mind.
http://online.wsj.com/article/SB122333709375409655.html

What History Tells Us About the Market
October 11, 2008: The Wall Street Journal
An essay for the Weekend section of The Wall Street Journal on the real -- and illusory -- parallels between 2008 and 1932.
http://online.wsj.com/article/SB122368241652024977.html

Take a Deep Breath, Turn off the TV, Calm Yourself
October 18, 2008: The Wall Street Journal
Advice and techniques for controlling fear in a fearsome time.
http://online.wsj.com/article/SB122428810219346585.html

Capitulation: When the Market Throws in the Towel
October 25, 2008: The Wall Street Journal
What is market ``capitulation``? Does it make sense? Does it even exist?
http://online.wsj.com/article/SB122488709542968173.html

The Other Reason for Warren Buffett’s Success
November 1, 2008: The Wall Street Journal
Mr. Buffett is not just better than other market players. He also plays a different game entirely.
http://online.wsj.com/article/SB122548632193589047.html

Getting a Frazzled Mr. Market to Settle Down
November 8, 2008: The Wall Street Journal
A proposal on how companies could moderate the volatility in their share prices.
http://online.wsj.com/article/SB122609665696209643.html

Joe Investor, the Markets Are All Yours Now
November 15, 2008: The Wall Street Journal
The `smart money` has turned tail and run away, creating value for anyone with cash and courage.
http://online.wsj.com/article/SB122671161003230223.html

1931 and 2008: Will Market History Repeat Itself?
November 22, 2008: The Wall Street Journal
Where is the bottom? Should you bail out before it is too late?
http://online.wsj.com/article/SB122731594413349829.html

Stocks Are Less of Your Net Worth Than You Think
November 29, 2008: The Wall Street Journal
Thoughts on tallying up the toll that the market decline has taken on your net worth.
http://online.wsj.com/article/SB122790995714865339.html

Giving Your Portfolio a Year-End Face Lift
December 6, 2008: The Wall Street Journal
Some ways to turn a market crash to your advantage.
http://online.wsj.com/article/SB122851603042483909.html

How Bernie Madoff Made Smart Folks Look Dumb
December 13, 2008: The Wall Street Journal
Why `sophisticated investor` is such an oxymoron.
http://online.wsj.com/article/SB122912266389002855.html

Pay Attention to That Window Behind the Curtain
December 20, 2008: The Wall Street Journal
A look at the perennial problem of year-end `windowdressing` by fund managers.
http://online.wsj.com/article/SB122973369481523187.html

Financial Pressure Is a Family-Room Topic, Too
December 27, 2008: The Wall Street Journal
How families can manage the stress of financial losses and economic pressures.
http://online.wsj.com/article/SB123033755903236445.html

Can the Dow Go Lower? I Hope So
November 20, 2008: The Wall Street Journal Online
A blog post on why investors should welcome, rather than fear, a further market decline.
http://blogs.wsj.com/wallet/2008/11/20/can-the-dow-go-lower-i-hope-so/

What a Bear Market Might Teach Us
November 25, 2008: The Wall Street Journal Online
A blog post on how hard times might change America for the better.
http://blogs.wsj.com/wallet/2008/11/25/what-a-bear-market-might-teach-us/

Has the Pessimism Gone Too Far?
November 26, 2008: The Wall Street Journal Online
A blog post that looks at the bear market in historical perspective.
http://blogs.wsj.com/wallet/2008/11/26/give-thanks-for-this/


2007


Why the January Effect Is Just Slush
January, 2007: Money Magazine
The idea that small stocks beat big ones in January melts away once you examine it closely.
http://money.cnn.com/2006/12/18/magazines/moneymag/zweig_janeffect.moneymag...; http://www.jasonzweig.com/uploads/1.07JanEffect.pdf

We Talked to Chuck
January, 2007: Money Magazine
Charles Schwab shares his thoughts on what makes investors succeed and what makes entrepreneurs tick.
http://money.cnn.com/magazines/moneymag/moneymag_archive/2007/01/01/8397411...; http://www.jasonzweig.com/uploads/1.07Schwab.pdf

Winning the Home Run Hitter`s Game
February, 2007: Money Magazine
An argument for swinging for the investment fences from Ralph Wanger, the legendary manager of the Acorn Fund.
http://money.cnn.com/magazines/moneymag/moneymag_archive/2007/02/01/8398729...; http://www.jasonzweig.com/uploads/2.07Wanger.pdf

Scholar of the Boomers` Future
March, 2007: Money Magazine
Olivia Mitchell has thought as deeply as anyone about this generation`s retirement. Her take: Tune out the most dire forecasts. You may be in for a pleasant surprise.
http://money.cnn.com/2007/01/30/magazines/moneymag/mitchell.moneymag/index....; http://www.jasonzweig.com/uploads/3.07Mitchell.pdf

When You Wish Upon a Star
March, 2007: Money Magazine
A new study says Morningstar`s ratings do indeed predict performance. The reason may surprise you.
http://money.cnn.com/magazines/moneymag/moneymag_archive/2007/03/01/8400908...; http://www.jasonzweig.com/uploads/3.07Morningstar.pdf

Still Scolding After All These Years
April, 2007: Money Magazine
Vanguard founder Jack Bogle talks about what he has learned about investing and about getting a new lease on life with a heart transplant.
http://money.cnn.com/2007/03/20/pf/funds/bogle.moneymag/index.htm?postversi...; http://www.jasonzweig.com/uploads/4.07Bogle.pdf

Bottoms-Up Analysis
April, 2007: Money Magazine
What the ultimate liquid asset -- wine -- can teach us about investing. (With Asa Fitch.)
http://money.cnn.com/magazines/moneymag/moneymag_archive/2007/04/01/8403604...; http://www.jasonzweig.com/uploads/4.07Wine.pdf

Mr. Worst-Case Scenario
May, 2007: Money Magazine
Robert Shiller called the tech stock crash just as NASDAQ peaked. Where does he think the real estate market is headed now? Uh-oh.
http://money.cnn.com/2007/04/09/real_estate/shiller.moneymag/index.htm; http://www.jasonzweig.com/uploads/5.07Shiller.pdf

You Can Handle a Crash Better than You Think
May, 2007: Money Magazine
Why the fear of losing money usually feels worse than actually losing it.
http://money.cnn.com/magazines/moneymag/moneymag_archive/2007/05/01/8405624...; http://www.jasonzweig.com/uploads/5.07Expectation.pdf

The Man Who Explained It All
June, 2007: Money Magazine
Bill Sharpe`s pioneering theory on the interplay between investment risk and return won him a Nobel Prize. Now he wants to help you use his work to make better financial decisions.
http://money.cnn.com/2007/05/21/pf/sharpe.moneymag/index.htm; http://www.jasonzweig.com/uploads/6.07Sharpe.pdf

The Right Way to Handle a Surprise
June, 2007: Money Magazine
Why a one-penny shortfall in earnings makes Wall Street go crazy, and how to keep yourself sane.
http://money.cnn.com/magazines/moneymag/moneymag_archive/2007/06/01/1000339...; http://www.jasonzweig.com/uploads/6.07Surprise.pdf

Why We Stay Home and Why It`s a Bad Idea
July, 2007: Money Magazine
It`s human nature to feel at ease with what`s familiar. But in investing, comfort can cost you a lot of money.
http://money.cnn.com/magazines/moneymag/moneymag_archive/2007/07/01/1001166...; http://www.jasonzweig.com/uploads/7.07HomeBias.pdf

Buy. Hold. Profit. Give Back.
July, 2007: Money Magazine
Ariel Capital`s John Rogers built an outstanding record investing in a few `great ideas` for the long run. Then he had his own idea: to launch a school to teach inner-city kids about money.
http://money.cnn.com/2007/06/19/pf/rogers_interview.moneymag/index.htm; http://www.jasonzweig.com/uploads/7.07Rogers.pdf

Markets Where Only Fools Rush In
August, 2007: Money Magazine
Why emerging markets are not a `no-brainer.`
http://money.cnn.com/2007/07/24/pf/funds/emergingmarkets.moneymag/index.htm; http://www.jasonzweig.com/uploads/8.07EmergingMkts.pdf

What`s Luck Got to Do with It?
August, 2007: Money Magazine
An interview with fund manager Bill Miller of Legg Mason Value Trust.
http://money.cnn.com/2007/07/17/pf/miller_interview.moneymag/index.htm; http://www.jasonzweig.com/uploads/8.07Miller.pdf

How Many Stocks Should You Own?
September, 2007: Money Magazine
The answer is a lot more, and a lot fewer, than you probably think.
http://www.jasonzweig.com/uploads/9.07Many.pdf

Master of the Imperfect Mind
September, 2007: Money Magazine
An interview on behavioral finance with the Nobel Prize-winning psychologist Daniel Kahneman.
http://www.jasonzweig.com/uploads/9.07Kahneman.pdf; http://money.cnn.com/2007/08/23/pf/zweig_kahneman.moneymag/index.htm?postv...

Your Money and Your Brain
September, 2007: Money Magazine
An excerpt on the neuroeconomics of greed and fear from Jason Zweig`s new book.
http://www.jasonzweig.com/uploads/9.07NeuroeconomicsExcerpt.pdf; http://money.cnn.com/2007/08/14/pf/zweig.moneymag/index.htm?postversion=20...

Are You a Better Investor?
October, 2007: Money Magazine
Over the past 35 years, investing has become simple, cheap and convenient. Now it`s a snap to build your wealth -- or destroy it.
http://www.jasonzweig.com/uploads/10.07LessonsOf35Years.pdf

Inside the Mind of the Older Investor
November, 2007: Money Magazine
As the brain ages, it perceives risk differently. That can make you money -- or cost you a bundle.
http://www.jasonzweig.com/uploads/11.07Aging.pdf

How to Lose $9 Trillion in a Bull Market
December, 2007: Money Magazine
That`s what bad timing cost investors over the past 25 years. But you can learn to avoid a similar fate.
http://www.jasonzweig.com/uploads/12.07MissingTrillions.pdf; http://money.cnn.com/2007/11/29/pf/bull_market_timing.moneymag/index.htm?p...


2006


Buffett Solves His Cash Crisis
May, 2006: CNN.com
Buying an Israeli private company signals that Warren Buffett will look overseas for great companies at good prices.
http://money.cnn.com/2006/05/07/news/newsmakers/buffett0507/index.htm

Why You Should Ignore Stock Prices
December, 2006: Money Magazine
A look at the baffling question of why the price of an average share of stock has not budged in decades.
http://www.jasonzweig.com/uploads/12.06Splits.pdf

How to Beat Hedge Funds
December, 2006: Money Magazine
Why the typical investor is better off without a hedge fund.
http://www.jasonzweig.com/uploads/12.06HedgeFds.pdf

A 117% Gain in a Year?
April, 2006: Money Magazine
The champion of a stock-picking contest shows how to game the system -- and why you can never trust short-term returns
http://www.jasonzweig.com/uploads/4.06HypedReturns.pdf

Is Your Fund Pro Finally a Prince?
March, 2006: Money Magazine
New research claims that the average mutual fund has beaten the market. The research is wrong.
http://www.jasonzweig.com/uploads/3.06ActiveVsIndex1.pdf; http://www.jasonzweig.com/uploads/3.06ActiveVsIndex2.pdf

The Thrill Is Wrong
February, 2006: Money Magazine
A survey of the new field of neuroeconomics, showing how expecting to make money is more intense than experiencing it.
http://money.cnn.com/2006/01/09/funds/fundguide_zweig_money_0602/index.htm; http://www.jasonzweig.com/uploads/2.06Neuroeconomics1.pdf; http://www.jasonzweig.com/uploads/2.06Neuroeconomics2.pdf

Just Do It
January, 2006: Money Magazine
Believe it or not, there is a science of procrastination and a lot you can learn about not putting things off. Read this today, not tomorrow.
http://www.jasonzweig.com/uploads/1.06Procrastination.pdf


2005


A Nasty 401(k) Surprise
January, 2005: Money Magazine
If you hold most of your stocks inside a retirement plan, you could be handing Uncle Sam more than his fair share of taxes.
http://money.cnn.com/pr/subs/magazine_archive/2005/01/INT.html; http://www.jasonzweig.com/uploads/1.05Tax401k.pdf

The Soul of an Investor
March, 2005: Money Magazine
Jack Hurst is not famous, and he does not run a billion-dollar fund. But he may be the most amazing money manager I\'ve ever met.
http://money.cnn.com/2005/02/25/magazine/magin_hurst_0503/index.htm; http://www.jasonzweig.com/uploads/3.05JackHurst1.pdf; http://www.jasonzweig.com/uploads/3.05JackHurst2.pdf

The Oracle Speaks
May 2, 2005: cnn.com
Warren Buffett speaks to the faithful at Berkshire Hathaway\'s annual meeting.
http://money.cnn.com/2005/05/01/news/fortune500/buffett_talks/index.htm

How Losing Less Can Cost You More
June, 2005: Money Magazine
Why stop-loss orders are often better for brokers than for investors
http://www.jasonzweig.com/uploads/StopLoss6.05.pdf

What a Mutual Fund Is Worth to You
November, 2005: Money Magazine
A new measure of fund expenses shows that you may be paying far more than you think.
http://www.jasonzweig.com/uploads/11.05Expenses.pdf

Stupid Number Tricks
October, 2005: Money Magazine
What the science of risk perception has to teach investors.
http://www.jasonzweig.com/uploads/10.05RiskPerception.pdf

Ten Lukewarm Funds to Buy Now!
July, 2005: Money Magazine
New research shows why the hottest funds do not generate the most wealth for investors.
http://www.jasonzweig.com/uploads/7.05LukewarmFunds.pdf

Mergers Are Hot. You Should Stay Cool.
April, 2005: Money Magazine
Some rules on how to invest, and how not to invest, in takeover stocks.
http://www.jasonzweig.com/uploads/4.05M&A.pdf


2004


Your Money: Signs that your heart rules your head
October, 2004: The Times of London
In this interview with the London Times, Jason discusses how emotion and reason interact when you invest.
http://business.timesonline.co.uk/article/0,,8214-1322092,00.html

Peter`s Uncertainty Principle
October, 2004: Money Magazine
Peter Bernstein may know more about investing than anyone alive. And the most important thing he knows is this: He has no idea what the future will bring.
http://money.cnn.com/2004/10/11/markets/benstein_bonus_0411/index.htm; http://www.jasonzweig.com/uploads/11.04PBernstein1.pdf; http://www.jasonzweig.com/uploads/11.04PBernstein2.pdf

The dark side of the muni
September, 2004: Money Magazine
Municipal bonds seem safe, but buying or selling them is fraught with peril. Protect yourself.
http://money.cnn.com/2004/08/20/funds/funds_muni_0409/; http://www.jasonzweig.com/uploads/9.04Munis.pdf

The Watchdog That Didn`t Bark
October, 2004: Money Magazine
Ever since 2003 -- when New York State attorney general Eliot Spitzer exposed chronic corruption in the mutual fund business -- legislators, regulators and the media have been spewing out plans to fix the way funds are run. Is there a better way?
http://money.cnn.com/2004/09/14/funds/freeintro_funds_watchdog_0410/index.h...; http://www.jasonzweig.com/uploads/10.04FundDirectors.pdf

The way of the calm investor
August, 2004: Money Magazine
Follow these five steps and you`ll make better investment decisions -- and agonize less over them.
http://money.cnn.com/2004/07/27/markets/stocks_calm_0408/index.htm; http://www.jasonzweig.com/uploads/8.04Calm1.pdf; http://www.jasonzweig.com/uploads/8.04Calm2.pdf

There`s no stock like home
June, 2004: Money Magazine
How should you diversify the risks of owning your house?
http://money.cnn.com/2004/05/17/real_estate/investment_prop/freeintro_homed...; http://www.jasonzweig.com/uploads/6.04RealEstate.pdf

Bullish on China?
May, 2004: TIME Magazine
Investments abound, but beware the hype.
http://www.time.com/time/magazine/article/0,9171,1101040503-629372,00.html

What Warren Buffett wants you to know
May, 2004: 2:58 PM EDT
How do you learn from a master? Start by listening to what he has to say. (A summary of Warren Buffett and Charles Munger’s remarks at Berkshire Hathaway’s 2004 annual meeting.)
http://money.cnn.com/2004/05/03/pf/buffett_qanda/index.htm

Folksy fun at Buffett meeting
May, 2004: 11:37 AM EDT
The faithful flock to Omaha for Q&A with investor. Rock star Buffett sings, shows off boxer shorts. (A live report from the 2004 annual meeting of Warren Buffett’s Berkshire Hathaway Inc.)
http://money.cnn.com/2004/05/01/pf/buffett_day_two/index.htm

Warren Buffett, rock star
May, 2004: 11:24 AM EDT
A mosh pit of millionaires -- MONEY's Jason Zweig reports from the Berkshire annual meeting.
http://money.cnn.com/2004/05/01/pf/buffett_meeting/index.htm

Tie me down and make me rich
May, 2004 : Money Magazine
Investing on autopilot is a powerful way to build wealth. So why is it so hard to persuade people to do it?
http://money.cnn.com/2004/04/22/funds/funds_automatic_0405/index.htm; http://www.jasonzweig.com/uploads/5.04DollarCostAvg.pdf

Mutual funds: What will it take to restore investor confidence?
April, 2004: AIMR (CFA Institute) webcast
Jason moderated this panel discussion with Don Phillips of Morningstar, John Markese of the American Association of Individual Investors, John Gavin of SEC Insight, and Michael Murray of Kestrel Consulting.
http://www.aimrdirect.org/cpe/what.cfm?test_id=402

The Vanguard chronicles
April, 2004 : Money Magazine
Red-hot growth is testing the quirky, quasi-religious culture of this mutual-fund icon.
http://money.cnn.com/2004/03/23/markets/freeintro_vanguard_0404/

The Election Effect?
March, 2004: TIME Magazine
History says that stocks tend to rally as elections near. But don`t bet on it.
http://www.time.com/time/magazine/article/0,9171,1101040308-596158,00.html

The Rip Van Winkle portfolio
March, 2004 : Money Magazine
Is it possible to invest so reliably that you won`t have to change anything for 20 years? It`s worth a try.
http://money.cnn.com/2004/02/19/retirement/freeintro_20yearportfolio_0403/i...; http://www.jasonzweig.com/uploads/3.04RipVanWinkle.pdf

The good, the bad and the ugly
February, 2004 : Money Magazine
Which fund companies put investors first? Find out in Money`s exclusive survey. By Jason Zweig with Adrienne Carter and Cybele Weisser, MONEY magazine
http://money.cnn.com/2004/01/09/funds/ultimateguide_survey_0204/index.htm; http://www.jasonzweig.com/uploads/2.04FundEthics1.pdf; http://www.jasonzweig.com/uploads/2.04FundEthics2.pdf

Good Advice, or Advice that Sounds Good?
January, 2004
On the ethics of personal-finance journalism: A guest column for the American Press Institute’s Donald W. Reynolds National Center for Business Journalism
http://www.businessjournalism.org/content/3194.cfm

The Higher Wisdom of Warren
July, 2004: Money Magazine
Buffett has a lot more to teach than merely how to beat the market.
http://www.jasonzweig.com/uploads/7.04Buffett.pdf

A Tale of Two Washingtons
November, 2004: Money Magazine
What you can learn from the drastically different ways Washington Mutual and Expeditors International of Washington communicate with investors
http://www.jasonzweig.com/uploads/11.04Washingtons.pdf

Swept Away by Index Funds
December, 2004: Money Magazine
Is fundamental indexing the answer to a fundamental problem?
http://www.jasonzweig.com/uploads/12.04.Fundamental.pdf


2003


Land of the Rising Stocks
December, 2003: TIME Magazine
Japan`s equity market has stopped inflicting pain. Is it now ripe for a significant gain?
http://www.time.com/time/magazine/article/0,9171,557070,00.html

Ben Is Back: Lessons and Ideas from Benjamin Graham
December, 2003
This presentation summarizes the life and living legacy of Benjamin Graham, author of “The Intelligent Investor.” What can we still learn today from the greatest investment thinker who ever lived? Jason discusses the enduring lessons that every investor can – and should -- learn from Graham. (Note: AIMR charges a fee for access to this webcast).
http://www.aimrdirect.org/cpe/what.cfm?test_id=376

Putnam: The greed machine
December, 2003 : Money Magazine
The problem is not just scandalous trading. It`s putting profits first and investors last. By Adrienne Carter, Amy Feldman and Jason Zweig, Money magazine
http://money.cnn.com/2003/11/21/funds/fundsfire_investing_putnam_0310/index...; http://www.jasonzweig.com/uploads/12.03Putnam1.pdf; http://www.jasonzweig.com/uploads/12.03Putnam2.pdf

How To Protect Your Money
November, 2003: TIME Magazine
What to do with mutual funds that may be affected by the trading scandal.
http://www.time.com/time/magazine/article/0,9171,1006153,00.html

Funds under fire
November, 2003
An interview on KPCC talk radio (Pasadena, CA) on how investors should react to the mutual-fund scandal.
http://www.scpr.org/programs/airtalk/listings/2003/11/airtalk_20031103.shtm...

Is Your Fund Too Dirty to Hold?
November, 2003
What should you do if you own a mutual fund being investigated in the trading scandal? An interview with Public Radio’s Bob Moon, which you can listen to here:
http://marketplace.publicradio.org/shows/2003/11/03_mpp.html

Funds you can trust
November, 2003 : Money Magazine
Amid the ongoing scandals in the fund industry, there are things you can do to avoid getting burned.
http://money.cnn.com/2003/10/23/funds/10_commands_zweig/; http://www.jasonzweig.com/uploads/11.03FundTrust1.pdf; http://www.jasonzweig.com/uploads/11.03FundTrust2.pdf; http://www.jasonzweig.com/uploads/11.03FundTrust3.pdf

Benjamin Graham, the Human Brain, and the Bubble
October, 2003 : “Boom and Bust,” a volume of guest essays published by the European Asset Management Association (see pp. 160-164 in the PDF link below, or 145-149 in the print edition)
This article combines the insights of Ben Graham with the newest discoveries in neuroscience to shed light on the manic-depressive market of the past few years.
http://www.jasonzweig.com/uploads/BenGrahamEAMA.pdf

The Great Fund Rip-Off
October, 2003 : Money Magazine
The charges by Eliot Spitzer of special deals and fast trading are just the beginning. As the scandal widens, how can you keep your money safe?
http://money.cnn.com/best/magazine_archive/2003/10/LED-01.html; http://www.jasonzweig.com/uploads/10.03FundTiming1.pdf; http://www.jasonzweig.com/uploads/10.03FundTiming2.pdf

Benjamin Graham and The Intelligent Investor
September, 2003: Minnesota Public Radio
Jason talks with Stephanie Curtis of Minnesota Public Radio’s “Sound Money” about revising Graham’s masterpiece and why it remains so relevant today. You can listen to the interview here:
http://soundmoney.publicradio.org/programs/2003/09/06/

Rethinking Income
September, 2003 : Money Magazine, Vol. 32 No. 9
Do You Really Need That Monthly Income To Make Ends Meet Or Are You Just Looking For Safety? For Many Investors, The Problem Of Falling Rates Is Not As Dire As It Seems
http://money.cnn.com/best/magazine_archive/2003/09/ALT-01.html; http://www.jasonzweig.com/uploads/9.03RetirementIncome1.pdf; http://www.jasonzweig.com/uploads/9.03RetirementIncome2.pdf

The Intelligent Investor (Public Radio)
August, 2003
Jason talks about how he edited the new edition of Benjamin Graham’s classic, “The Intelligent Investor,” and why the book is still relevant. You can listen to the interview, with Public Radio’s Cheryl Glaser, here:
http://marketplace.publicradio.org/morning_report/2003/08/14_mmr.html

ABCs of Fund Fees
September, 2003: TIME Magazine
Investors face an alphabet soup of shares. Here\'s how to sort them out.
http://www.time.com/time/magazine/article/0,9171,1101030811-472851,00.html

The markets on Public Radio
August, 2003
Give-and-take on the financial markets between Jason and Public Radio’s Kai Ryssdaal. You can hear it here:
http://marketplace.publicradio.org/shows/2003/08/08_mpp.html

R+U Lucky?
August, 2003 : F7Money Magazine, Vol. 32 No. 8
Some guys do have all the luck. Here\'s how to join them
http://money.cnn.com/best/magazine_archive/2003/08/SUC-02.html; http://www.jasonzweig.com/uploads/8.03Luck.pdf

Get Rich Slowly
July, 2003: TIME Magazine (book excerpt)
The Intelligent Investor (1949), by financial giant Benjamin Graham, is more relevant than ever, in a new edition updated with analysis by Jason Zweig.
http://www.time.com/time/magazine/article/0,9171,463093,00.html; http://www.jasonzweig.com/uploads/TIME1.pdf; http://www.jasonzweig.com/uploads/TIME2.pdf; http://www.jasonzweig.com/uploads/TIME3.pdf

Looking For a Bounce
July, 2003: TIME Magazine
Wall Street is flogging preferred stocks. Be careful what you buy.
http://www.time.com/time/magazine/article/0,9171,1101030707-461853,00.html

Lessons From The Greatest Investor Ever
July, 2003 : Money Magazine, Vol. 32 No. 7
As The New Edition Of The Intelligent Investor Shows, Ben Graham Never Goes Out Of Style
http://money.cnn.com/best/magazine_archive/2003/07/MASA-01.html; http://www.jasonzweig.com/uploads/7.03BenGraham1.pdf; http://www.jasonzweig.com/uploads/7.03BenGraham2.pdf; http://www.jasonzweig.com/uploads/7.03BenGraham3.pdf

What Would Jesus Buy?
May, 2003: TIME Magazine
Can an investor become more righteous, and richer, by avoiding \"unholy\" stocks?
http://www.time.com/time/magazine/article/0,9171,1101030519-451000,00.html

Momentum Mori
May, 2003: Money Magazine, Vol. 32 No. 5
What should we make of Garrett Van Wagoner?
http://money.cnn.com/best/magazine_archive/2003/05/INVE-01.html

Bubble Trouble: The Role of Media in Investment Reporting
May, 2003
At the annual meeting of the Association for Investment Management & Research, a panel of journalists discussed the influence of the stock market bubble on their reporting. Jason moderated the panel, consisting of: Herb Greenberg, columnist, TheStreet.com and Fortune; Hilary Kramer, business news analyst, Fox News; Dagen McDowell, senior writer, TheStreet.com; and Andrew Willis, markets columnist, The Toronto Globe and Mail.
http://www.cfainstitute.org/pressroom/fjnews/fjJJA03.html#11

Is Your Brain Wired to Make You Rich? The Neuroscience of Financial Decision-Making
March, 2003: Hoover Institution
This speech, which Jason presented at the Hoover Institution at Stanford University, is a shorter and simpler version of a talk he gave earlier to the CFA Institute in 2002 [see May 14, 2002]. It’s an overview of how the human brain goes about making investment decisions – complete with colorful graphics of neurons firing away. [See also October, 2002.]
http://jasonzweig.com/speeches/brain2003.ppt

The neuroscience of investing
January, 2003: CNN "Moneyline" with Lou Dobbs
An overview of the neural pathways your brain uses to make decisions about money.
http://cnnstudentnews.cnn.com/transcripts/0301/10/mlld.00.html

The trouble with timing
December, 2003 : Money Magazine
We\'re always told to buy low and sell high. Sounds simple and it makes sense. So why is such an easy rule so hard to follow? (Note: Full online access to this article is available only to MONEY Magazine subscribers.)
http://premium.money.cnn.com/pr/subs/magazine_archive/2003/12/INT-01.html; http://www.jasonzweig.com/uploads/12.03TroubleTiming.pdf


2002


Get Smart About Sectors
December, 2002: Money Magazine, Vol. 31 No. 13
There\'s a right way and a wrong way to use focused funds.
http://money.cnn.com/best/magazine_archive/2002/12/FUN.html; http://www.jasonzweig.com/uploads/12.02Sectors.pdf

Time-Zone Traders
November, 2002: Money Magazine, Vol. 31 No. 12
Some folks are gaming discrepancies in mutual fund pricing, much to the detriment of fundholders.
http://money.cnn.com/best/magazine_archive/2002/11/INVB.html; http://www.jasonzweig.com/uploads/11.02FundTiming.pdf

Are you wired for wealth?
October, 2002 : Money Magazine
What goes on inside your brain when you invest? Here’s how the latest breakthroughs in neuroscience can help make you smarter – and richer. [See also May 14, 2002 and March 18, 2003.]
http://money.cnn.com/2002/09/25/pf/investing/agenda_brain_short/index.htm; http://www.jasonzweig.com/uploads/10.02Neuroeconomics1.pdf; http://www.jasonzweig.com/uploads/10.02Neuroeconomics2.pdf; http://www.jasonzweig.com/uploads/10.02Neuroeconomics3.pdf

Market news on Public Radio
September, 2002
Jason wraps up the week’s investing news with Public Radio’s David Brancaccio. You can hear it here:
http://marketplace.publicradio.org/shows/2002/09/13_mpp.html

Can We Still Rely On Index Funds?
September, 2002 : Money Magazine, Vol. 31 No. 9
Yes. The case for matching the market--instead of trying to beat it--is as strong as ever.
http://money.cnn.com/best/magazine_archive/2002/09/INDEX.html; http://www.jasonzweig.com/uploads/9.02IndexFunds.pdf

How Should I Invest Now?
September, 2002 : Money Magazine, Vol. 31 No. 9
How do I pick a fund?
http://money.cnn.com/best/magazine_archive/2002/09/NEEC.html

What\'s a Stock Worth Today?
August, 2002: TIME Magazine
Focused on the future, WorldCom\'s pet analyst went astray. A past master tells us how to avoid that trap. (What Ben Graham could have taught Jack Grubman.)
http://www.time.com/time/magazine/article/0,9171,1101020805-332061,00.html

How to Avoid the Next Stock Bomb
July, 2002: TIME Magazine
Tips on picking stocks safely in a time of scandal.
http://www.time.com/time/magazine/article/0,9171,1002808-2,00.html

Murphy Was an Investor
July, 2002 : Money Magazine, Vol. 31 No. 7
Why does it seem that whatever can go wrong will go wrong?
http://money.cnn.com/best/magazine_archive/2002/07/FUN.html; http://www.jasonzweig.com/uploads/7.02MurphysLaw.pdf

The Trust-No-One Investing Plan
June, 2002: TIME Magazine
Corporate scandals got you scared of stocks? Try bonds, whose returns aren\'t as low as you think.
http://www.time.com/time/magazine/article/0,9171,1101020624-263036,00.html

What Fund Investors Really Need To Know
June, 2002 : Money Magazine, Vol. 31 No. 6 Special Double Issue/Invest To Win
Our Exclusive Study Of Mutual Fund Returns Shows Which Ones Really Made Money For Investors And Which Ones Took Shareholders For A Costly Ride
http://money.cnn.com/magazines/moneymag/moneymag_archive/2002/06/01/323312/...; http://www.jasonzweig.com/uploads/6.02InvestorReturns1.pdf; http://www.jasonzweig.com/uploads/6.02InvestorReturns2.pdf; http://www.jasonzweig.com/uploads/6.02InvestorReturns3.pdf

Money and the Mind: How Neuroscientists Are Cracking the Code of Investment Behavior
May, 2002
Jason explains the exciting new insights into financial decision-making that are coming from groundbreaking research in neuroscience. This presentation, to the annual meeting of the Association for Investment Management & Research, outlines the roles that different parts of the human brain play in estimating probabilities, assessing risk and reward, and integrating emotion with reason. [See also October, 2002, and March 18, 2003]
http://jasonzweig.com/speeches/Brain2002.ppt

New Cause for Caution on Stocks
May, 2002: TIME Magazine
Fresh research challenges the historical rate of return on equities. Look to bonds for more balance.
http://www.time.com/time/magazine/article/0,9171,1101020506-234145,00.html

Inside the world\'s largest fund
April, 2002cnn.com
In control of $80 billion, Magellan manager Bob Stansky wants to beat the market -- but he\'s no gunslinger.
http://money.cnn.com/2002/01/11/funds/q_stansky/index.htm

Mind over Money
March, 2002: PBS
In this broadcast on PBS’ “Nightly Business Report,” Jason discusses how to apply the principles of behavioral finance to become a better investor.
http://www.nightlybusiness.org/transcript/2002/trnscrpt032902.htm

Online chat at Morningstar.com
March, 2002: www.morningstar.com
Among other things, Jason discusses investment risk, diversification, index funds, market timing, and how the mutual fund industry should get its act together. (Note: free registration required.)
http://news.morningstar.com/doc/article/0,1,13727,00.html

Give Us Our Dividends
February, 2002: TIME Magazine
Technology companies like Microsoft and Cisco are piling up cash. Shouldn`t they pay some of it out to shareholders?
http://www.time.com/time/magazine/article/0,9171,1101020218-201887,00.html

The Future Of Fidelity
February, 2002 : Money Magazine, Vol. 31 No. 2 Special Funds Issue
With $873 Billion In Assets, Fidelity Is Already The Colossus Of The Mutual Fund Business. But Its Ambitions Don't Stop There.
http://money.cnn.com/best/magazine_archive/2002/02/FID.html


2001


What\'s Eating You
December, 2001 : Money Magazine, Vol. 30 No. 13 Special Double Issue
How to cope with investing risk after September 11th, when everything seems uncertain.
http://money.cnn.com/best/magazine_archive/2001/12/FUN.html; http://www.jasonzweig.com/uploads/12.01Risk1.pdf; http://www.jasonzweig.com/uploads/12.01Risk2.pdf

The Aftermath of September 11th: Endurance and Optimism in the Culture and History of Wall Street
November, 2001: Museum of American Financial History
In this panel discussion sponsored by the Museum of American Financial History and moderated by Myron Kandel of CNN, Jason puts the trauma of terror in a historical and psychological context. Hint: the people who said “Everything has changed” were wrong.
http://www.financialhistory.org/nov15trans.htm

How September 11th hit funds
November, 2001 : Money Magazine
Some top fund managers relate their experiences on a tragic day.
http://money.cnn.com/2001/10/22/funds/q_tendays_main/index.htm

What can we learn from history?
September, 2001: www.cnn.com and Money Magazine
In the wake of September 11th, history holds an important lesson: Disasters don`t have a lasting impact on stocks.
http://money.cnn.com/2001/09/21/investing/zweig/index.htm; http://www.jasonzweig.com/uploads/11.01Disaster.pdf

Here Come the Bogleheads
September, 2001 : Money Magazine, Vol. 30 No. 9
On A Sunny Summer Weekend, Dozens Of Strangers Gather To Hear Jack Bogle Preach Vanguard\'s Investing Gospel. Don\'t They Have Anything Better To Do?
http://money.cnn.com/best/magazine_archive/2001/09/VAN.html; http://www.jasonzweig.com/uploads/9.01Bogleheads1.pdf; http://www.jasonzweig.com/uploads/9.01Bogleheads2.pdf

“I don't know, I don't care”
August, 2001: 4:44 p.m. ET
Indexing lets you say those magic words.
http://money.cnn.com/2001/08/29/investing/Zweig/index.htm

Index funds on PBS
July, 2001
Jason talks about the pros and cons of index funds in an interview with Betsy Karetnick of PBS’s “That Money Show.” View the video here:
http://www.pbs.org/wnet/moneyshow/makeover/071301.html

Is the S&P 500 Rigged?
July, 2001 : Money Magazine
The ultimate market measure has been turned inside out -- and may never be the same again. Investors beware.
http://money.cnn.com/2001/06/13/zweig_on_funds/zweig_on_funds/; http://www.jasonzweig.com/uploads/7.01S&P500.1.pdf; http://www.jasonzweig.com/uploads/7.01S&P500.2.pdf

“Fat Tails, Thin Ice”
June, 2001: Morningstar
In this speech, the keynote address to the 2001 Morningstar Investment Conference, Jason talks about how financial planners misunderstand and misuse the lessons of history: They cite academic studies “proving” investment theories without ever reading them; they extrapolate past data without questioning the quality and durability of the numbers; and they fail to communicate investment risk in terms clients can understand. Jason offers suggestions on how to do better.
http://datalab.morningstar.com/Midas/Home/ArticlesResearch/DL_Article_FatTa...

Wall Street\'s Wisest Man
June, 2001 : Money Magazine, Vol. 30 No. 6
Getting rich off stocks is simple, says Charles Ellis. Here\'s how.
http://money.cnn.com/best/magazine_archive/2001/06/FUN.html; http://www.jasonzweig.com/uploads/6.01Ellis.pdf

Reading Them For The Right Reasons
June, 2001 : Money Magazine, Vol. 30 No. 6
MONEY's Jason Zweig thinks you'd be nuts not to read Jeremy Siegel's and Robert Shiller's stock market books. But he thinks you'd be even nuttier to take their every word as gospel.
http://money.cnn.com/best/magazine_archive/2001/06/books.html

Do you sabotage yourself?
May, 2001 : Money Magazine, Vol. 30 No. 5
Daniel Kahneman has done more than anyone else to explain why most of us make so many mistakes as investors--and what we can do about it.
http://money.cnn.com/magazines/moneymag/moneymag_archive/2001/05/01/301274/...; http://www.jasonzweig.com/uploads/5.01Kahneman1.pdf; http://www.jasonzweig.com/uploads/5.01Kahneman2.pdf; http://www.jasonzweig.com/uploads/5.01Kahneman3.pdf

Splitsville
March, 2001 : Money Magazine, Vol. 30 No. 3
Can investors really make money buying stocks because they split?
http://money.cnn.com/best/magazine_archive/2001/03/FUN03.html; http://www.jasonzweig.com/uploads/3.01Splits.pdf

Will The Janus Way Go Astray?
January, 2001: FORTUNE Magazine
MONEY magazine's mutual fund columnist Jason Zweig gets under the hood of Janus' magical money machine.
http://www.fortune.com/fortune/investing/articles/0,15114,390122,00.html

Investing on PBS
January, 2001: PBS
A chat with Betsy Karetnick of PBS’s “That Money Show” about what went wrong for investors in 2000 and how to put those lessons to work. View the video here:
http://www.pbs.org/wnet/moneyshow/makeover/011201.html

A Matter of Expectations
January, 2001 : Money Magazine, Vol. 30 No. 1 Special Forecast Issue
How much will stocks return in the future? Even forecasts that don\'t pan out have lessons for investors.
http://money.cnn.com/best/magazine_archive/2001/01/FUN.html; http://www.jasonzweig.com/uploads/1.01Expectations.pdf

Who's recommending your stock?
January, 2001: money.com
New research dishes dirt on Wall Street analysts. Plus: Tips for daytraders (if you must play that game).
http://money.cnn.com/2001/01/10/zweig_on_funds/zweig_on_funds/

How many stocks do you need?
January, 2001: money.com
Probably a lot more than you think, if you want a diversified portfolio.
http://money.cnn.com/2001/01/30/zweig_on_funds/zweig_on_funds/

Give diversity a chance
February, 2001: money.com
A lot of individual investors hate spreading their bets. But it works.
http://money.cnn.com/2001/02/14/zweig_on_funds/zweig_on_funds/


2000


If Your Clients Know as Much as You Do, How Can You Keep Them?
December, 2000
In this speech, Jason warned that money managers needed to build an emotional bond with their investors before it was too late. All too many fund companies rely on hot performance and marketing gimmicks, instead of building trust by managing risk and investing for the long term. With the benefit of hindsight, it seems a shame that more people in the fund industry didn’t take this speech (to the Association for Investment Management & Research) more seriously.
http://jasonzweig.com/speeches/

New Year\'s Play
December, 2000 : Money Magazine, Vol. 29 No. 13 Special Double Issue
Can you make big bucks on small stocks by buying in December?
http://money.cnn.com/best/magazine_archive/2000/12/FUN.html; http://www.jasonzweig.com/uploads/12.00JanEffect.pdf

Mutual Funds
November, 2000: PBS
An interview with Betsy Karetnick of PBS’s “That Money Show” on the basics of investing in mutual funds. View the video here:
http://www.pbs.org/wnet/moneyshow/makeover/111700.html

The Trouble With Humans
November, 2000 : Money Magazine, Vol. 29 No. 12
A look at the neuroscience of investing: Why rats and pigeons might make better investors than people do.
http://money.cnn.com/magazines/moneymag/moneymag_archive/2000/11/01/290855/...; http://www.jasonzweig.com/uploads/11.00Neuroeconomics.pdf

Don\'t Fly Blind
October, 2000 : Money Magazine, Vol. 29 No. 10
How to find out what your fund company isn\'t telling you
http://money.cnn.com/best/magazine_archive/2000/10/FUN.html; http://www.jasonzweig.com/uploads/10.00Disclosure.pdf

Hunting eggs
September, 2000: money.com
How to diversify away the risk of too much company stock.
http://robots.cnnfn.com/2000/09/14/mailbag/mailbag/index.htm

Be your own fund manager
August, 2000: money.com
Think you're worth five stars? Here's how to put yourself to the test.
http://robots.cnnfn.com/2000/08/14/mailbag/mailbag/index.htm

Mutual Competition
August, 2000 : Money Magazine, Vol. 29 No. 8
Are the new rivals to traditional funds – like folios and exchange traded funds (ETFs) -- a better bet?
http://money.cnn.com/best/magazine_archive/2000/08/FUN.html; http://www.jasonzweig.com/uploads/8.00ETFsAndFolios.pdf

Performance Review: Part 3
August, 2000: money.com
I've been answering your questions in Mutual Fund Mailbag for just about a year now, and I think I've gotten things mostly right. Just to be sure, though, I've asked some of the investing world's top minds for their two cents. In this three-part series, I square off with Vanguard's John Bogle, efficient-market theorist William Bernstein, and finance professor Terrance Odean on the issues you've written in most about. This week: Odean slaps me upside the head.
http://robots.cnnfn.com/2000/08/01/mailbag/mailbag/index.htm

Performance Review: Part 2
July, 2000: money.com
I've been answering your questions in Mutual Fund Mailbag for just about a year now, and I think I've gotten things mostly right. Just to be sure, though, I've asked some of the investing world's top minds for their two cents. In this three-part series, I square off with Vanguard's John Bogle, efficient-market theorist William Bernstein, and finance professor Terrance Odean on the issues you've written in most about. This week: Bernstein gives me a bashing.
http://robots.cnnfn.com/2000/07/25/mailbag/mailbag/index.htm

Performance Review: Part 1
July, 2000: money.com
I've been answering your questions in Mutual Fund Mailbag for just about a year now, and I think I've gotten things mostly right. Just to be sure, though, I've asked some of the investing world's top minds for their two cents. In this three-part series, I square off with Vanguard's John Bogle, efficient-market theorist William Bernstein, and finance professor Terrance Odean on the issues you've written in most about. This week: Bogle beats me up.
http://robots.cnnfn.com/2000/07/18/mailbag/mailbag/index.htm

Don\'t Get Me Wrong
July, 2000 : Money Magazine, Vol. 29 No. 7
When should a fund manager--or an investor--admit a mistake?
http://money.cnn.com/best/magazine_archive/2000/07/FUN.html; http://www.jasonzweig.com/uploads/7.00Longleaf.pdf

Ground Zero
June, 2000: money.com
Zero-coupon bonds are a good way to lock in a rate of return. Just be prepared for a rocky ride.
http://robots.cnnfn.com/2000/06/29/mailbag/mailbag/index.htm

Index funds
June, 2000: IndexFunds.com
Should you have all your money in index funds? Jason debates the editor of IndexFunds.com on whether actively-managed mutual funds serve any legitimate purpose at all:
http://www.indexfunds.com/archives/articles/staff_20000616_from_the_message...

Back to school: websites for more advanced investors
June, 2000: money.com
We're all getting pretty good at investing these days. Here are some websites to help you get to the next level.
http://robots.cnnfn.com/2000/06/06/mailbag/mailbag/index.htm

Investing for retirement and income
June, 2000: CNN
In this appearance on CNN’s “In the Money,” Jason recommends some mutual funds and strategies to improve retirement security.
http://www.cnn.com/TRANSCRIPTS/0006/05/itm.00.html

The Best Investor You\'ve Never Heard Of
June, 2000 : Money Magazine, Vol. 29 No. 6
From A Nondescript Apartment In Des Moines, Joseph Rosenfield--A Longtime Pal Of Warren Buffett-- Has Turned $11 Million Into $1 Billion. Who Is He, And How Did He Do It?
http://money.cnn.com/best/magazine_archive/2000/06/IOW.html; http://www.jasonzweig.com/uploads/6.00JoeRosenfield1.pdf; http://www.jasonzweig.com/uploads/6.00JoeRosenfield2.pdf

When index funds don't work
May, 2000: money.com
Passive investing almost always beats active management. There are cases, though, when it just doesn't add up. (See also July 18, 2000.)
http://robots.cnnfn.com/2000/05/24/mailbag/mailbag/index.htm

The first step
May, 2000: money.com
Good investing isn't rocket science. Here's a plan to get you started that can last a lifetime.
http://robots.cnnfn.com/2000/05/18/mailbag/mailbag/index.htm

To buy, or to build
May, 2000: money.com
How many stocks make up a diversified portfolio? The debate rages on, but there are some rules you can live by. (See also July 25, 2000.)
http://robots.cnnfn.com/2000/05/11/mailbag/mailbag/index.htm

Prodigal son
May, 2000: money.com
Many investors have strayed in search of tech-sized returns, but repentant sinners can get back on the true path. (See also August 1, 2000.)
http://robots.cnnfn.com/2000/05/08/mailbag/mailbag/index.htm

Investing internationally
May, 2000: CNN
In this appearance on CNN’s “In the Money,” Jason discusses using mutual funds to invest overseas with safety.
http://www.cnn.com/TRANSCRIPTS/0005/08/itm.00.html

Fun funds
April, 2000: money.com
Mutual funds marketed to children aren't bad, but there are better ways to turn on your kids to investing.
http://robots.cnnfn.com/2000/04/28/mailbag/mailbag/index.htm

Alphabet soup
April, 2000: money.com
B shares, C shares--even Q shares. Which class of fund should you buy?
http://robots.cnnfn.com/2000/04/18/mailbag/mailbag/index.htm

High concentration
April, 2000: money.com
The Vanguard Growth Index fund has nearly half of its assets in just 10 stocks. How much is too much?
http://robots.cnnfn.com/2000/04/11/mailbag/mailbag/index.htm

Chart Burn
April, 2000: Money Magazine, Vol. 29 No. 4
The \"mountain charts\" in fund ads can be confusing.
http://money.cnn.com/best/magazine_archive/2000/04/FUN.html; http://www.jasonzweig.com/uploads/4.00ChartBurn1.pdf; http://www.jasonzweig.com/uploads/4.00ChartBurn2.pdf

Do health-care funds make sense?
March, 2000: money.com
Depends who you ask--but if it's a financial journalist, think twice.
http://robots.cnnfn.com/2000/03/10/mailbag/mailbag/index.htm

Questioning your faith
March, 2000: money.com
Should you abandon those once-great value funds?
http://robots.cnnfn.com/2000/03/02/mailbag/mailbag/index.htm

The Star System
March, 2000 : Money Magazine, Vol. 29 No. 3
Are you sure you know what those Morningstar ratings really mean?
http://money.cnn.com/best/magazine_archive/2000/03/fun.html; http://www.jasonzweig.com/uploads/3.00Morningstar.pdf

The case for boring bonds
February, 2000: money.com
What good is 6% a year when you can make 6% an hour?
http://robots.cnnfn.com/2000/02/17/mailbag/mailbag/index.htm

Splitsville
February, 2000: money.com
Are two nickels ever worth 12 cents? You can play that game with stocks, but not with funds.
http://robots.cnnfn.com/2000/02/11/mailbag/mailbag/index.htm

Do the Experts Get the Future Right? Does Anybody?
February, 2000 : Money Magazine, Vol. 29 No. 2
Before you put all your money in that tech fund, consider how far off our expectations have been over the past decade. Jason Zweig With additional reporting by Erica Garcia
http://money.cnn.com/best/magazine_archive/2000/02/fun.html; http://www.jasonzweig.com/uploads/2.00DoExperts.pdf

Diversification overrated? Not a chance
January, 2000: money.com
Jason takes issue with an article in Worth Magazine questioning the value of diversifying your investments.
http://robots.cnnfn.com/2000/01/26/mailbag/mailbag/index.htm

Dumbed down too far
January, 2000: money.com
Lifecycle funds offer instant diversification, but they have their drawbacks.
http://robots.cnnfn.com/2000/01/18/mailbag/mailbag/index.htm

Diversity training
January, 2000: money.com
You can't know when tech stocks will end their bull run. But you should start preparing now.
http://robots.cnnfn.com/2000/01/06/mailbag/mailbag/index.htm

Did You Beat the Market?
January, 2000 : Money Magazine, Vol. 29 No. 1 Special Forecast Issue 2000
Most investors who say they do are just kidding themselves.
http://money.cnn.com/best/magazine_archive/2000/01/fnd0101.html; http://www.jasonzweig.com/uploads/1.00DidYouBeat.pdf

How Women Can Out-Invest Men
Summer, 2000: Money Magazine, special summer issue
Many men -- and even some women -- think men are better at investing than women. However, they are probably wrong.
http://www.jasonzweig.com/uploads/6.00Women.pdf


1999


Carrying the load
December, 1999: money.com
Jason cuts through some financial jargon and gives the straight dope on mutual fund charges.
http://robots.cnnfn.com/1999/12/21/mailbag/mailbag/index.htm

Tying yourself to the mast
December, 1999: money.com
As the market gets more and more volatile, Jason gives practical tips on how to avoid the often-irresistible call of panic buying and selling.
http://robots.cnnfn.com/1999/12/14/mailbag/mailbag/index.htm

Why buy bonds?
December, 1999: money.com
These days, everybody seems to be filling their portfolio with nothing but stocks. Jason explains why this can be a risky strategy.
http://robots.cnnfn.com/1999/12/03/mailbag/mailbag/index.htm

The Tyranny of Style
December, 1999 : Money Magazine Vol. 28 No. 12 Special Double Issue
Is a mutual fund's label more important than its returns?
http://money.cnn.com/best/magazine_archive/1999/12/fun.html

How much turnover is too much?
November, 1999: money.com
Jason gives readers an easy way to evaluate fund portfolio turnover, and sheds some light on mutual fund share splits. (See also July 18, 2000.)
http://robots.cnnfn.com/1999/11/24/mailbag/mailbag/index.htm

The risk is not in our funds, but in ourselves
November, 1999: money.com
Jason counsels a reader that the best way to measure risk is not by looking at betas and standard deviations, but by taking a hard look in the mirror.
http://robots.cnnfn.com/1999/11/19/mailbag/mailbag/index.htm

Is a green fund a good fund?
November, 1999: money.com
Jason weighs in on the merits of socially-responsible mutual funds.
http://robots.cnnfn.com/1999/11/11/mailbag/mailbag/index.htm

Don't try this with your 401(k)
November, 1999: money.com
Why loading up your retirement plan with shares in even a high-flying employer is a dangerous thing to do.
http://robots.cnnfn.com/1999/11/04/mailbag/mailbag/index.htm

Looking Out for No. 1
November, 1999 : Money Magazine, Vol. 28 No. 11
With fund returns, what you see is not always what you will get.
http://money.cnn.com/best/magazine_archive/1999/11/fnd11019.html; http://www.jasonzweig.com/uploads/11.99ChasingPerformance.pdf

To weight or not to weight?
October, 1999: money.com
Jason advises a reader who wonders if he should weight certain sectors of the market more heavily than others, and debunks the idea that small cap stocks tend to outperform large caps over time.
http://robots.cnnfn.com/1999/10/28/mailbag/mailbag/index.htm

Behavioral Finance: What Good Is It, Anyway?
October, 1999: Harvard University
Behavioral finance – the study of investing psychology – is getting tons of attention. The trendiest money managers all say they use behavioral finance to exploit the mistakes of irrational investors. In this speech to a conference at the John F. Kennedy School of Government at Harvard University, Jason argues that behavioral finance is not a window onto the behavior of other people, but a mirror that shows our own shortcomings; we should use it not to take advantage of other stupid investors, but rather to make ourselves smarter investors.
http://www.jasonzweig.com/wip/documents/speeches/Behavior.doc

Required reading
October, 1999: money.com
Jason recommends a shelf-full of good books for the novice investor.
http://robots.cnnfn.com/1999/10/14/mailbag/mailbag/index.htm

1974 and 1999: History Turned Upside-Down
October, 1999
In this speech to the Foundation Financial Officers Group (a club for major institutional investors), Jason looked back exactly 25 years to late 1974 -- when the outlook for investing was the polar opposite of late 1999. With internet mania at its most euphoric, Jason warned that investors always get carried away at market extremes. This speech combines a historical viewpoint with insights from behavioral finance to create a perspective that may be useful even today.
http://jasonzweig.com/speeches/BipolarMarkets.doc

All dressed up and no place to invest
October, 1999: money.com
Jason advises a reader who's managed to save a lot of money, but doesn't know where to invest it.
http://robots.cnnfn.com/1999/10/07/mailbag/mailbag/index.htm

Bogle: Going But Not Forgotten
October, 1999 : Money Magazine, Vol. 28 No. 10
No one would have expected John C. Bogle, iconoclastic founder of Vanguard funds, to go gentle into that good night. And he didn\'t. When top executives at Vanguard began pushing their feisty senior...
http://money.cnn.com/best/magazine_archive/1999/10/bogle.html; http://www.jasonzweig.com/uploads/10.99Bogle.pdf

Selling into Y2K
September, 1999: money.com
Should you sell your stocks to sidestep a possible Y2K computer meltdown? Some advice for the panic-stricken.
http://robots.cnnfn.com/1999/09/29/mailbag/mailbag/index.htm

Which one of these funds is not like the others?
September, 1999: money.com
Jason answers a reader who wants to know about tools to evaluate how much overlap there is in his funds' holdings.
http://robots.cnnfn.com/1999/09/24/mailbag/mailbag/index.htm

How many funds are enough?
September, 1999: money.com
Jason explains why most investors shouldn't own more than a handful of mutual funds.
http://robots.cnnfn.com/1999/09/17/mailbag/mailbag/index.htm

How smart is buying cheap?
September, 1999: money.com
Jason explains why "cheap" stocks aren't always a good investment, and clears up some of the confusion around P/E ratios.
http://robots.cnnfn.com/1999/09/10/mailbag/mailbag/index.htm

A Short Primer
September, 1999: money.com
If you absolutely, positively have to short the market, Jason shows you how.
http://robots.cnnfn.com/1999/09/03/mailbag/mailbag/index.htm

Fund Wars
September, 1999 : Money Magazine, Vol. 28 No. 9
A secret battle is raging between fund companies and financial planners--and you may be caught in the crossfire. (The first major article to point out that the fund industry was being infiltrated by fast-trading market timers who could hurt small investors.) Pat Regnier and Jason Zweig
http://money.cnn.com/best/magazine_archive/1999/09/war0901.html; http://www.jasonzweig.com/uploads/9.99FundTiming1.pdf; http://www.jasonzweig.com/uploads/9.99FundTiming2.pdf

“Expert Q&A”
August, 1999: morningstar.com
In this online chat, Jason fields questions from Morningstar users about everything from stock-picking “systems” to index funds, how and why to use a broker, investing in corporate bankruptcies, saving for college, the fine points of bond funds, and the ethics of financial journalism. [Conversation 676: in the “Jump to #” box, enter 676]
http://socialize.morningstar.com/NewSocialize/asp/fullconv.asp

Day Trading
August, 1999: CNN
Transcript of a CNN broadcast in which Jason calls day trading “the most effective weapon ever devised to commit financial suicide.”
http://money.cnn.com/1999/08/26/fortune/fortune_funds/

Should I trust my broker?
August, 1999: money.com
Jason answers a reader who wonders whether her broker's telling her the truth about expense ratios.
http://robots.cnnfn.com/1999/08/11/mailbag/mailbag/index.htm

Cast a wide net
August, 1999: money.com
Jason explains the logic behind investing in a fund based on a total stock-market index like the Wilshire 5000.
http://robots.cnnfn.com/1999/08/03/mailbag/mailbag/index.htm

False Profits
August, 1999 : Money Magazine, Vol. 28 No. 8
You now have all the tools you need to pick your own pocket. (A critique of the stock-picking “strategies” of the Motley Fool.)
http://money.cnn.com/best/magazine_archive/1999/08/fnd08_fi.html; http://www.jasonzweig.com/uploads/8.99FalseProfits.pdf

In defense of diversification
July, 1999: money.com
Zweig answers critics who wonder why anyone would possibly want to invest in anything other than U.S. stocks.
http://robots.cnnfn.com/1999/07/28/mailbag/mailbag/index.htm

Fools and their money
July, 1999: money.com
Reaction is swift, strong (and more than a little foolish) to Zweig's Money column criticizing the Motley Fool.
http://robots.cnnfn.com/1999/07/21/mailbag/mailbag/index.htm

Are Index Funds a Tax Disaster Waiting to Happen?
July, 1999: money.com
In his online mailbox, Money Magazine's mutual funds columnist, Jason Zweig, has gotten several letters warning that index funds are ticking tax time bombs waiting to blow their shareholders to bits in the next market decline. Should you worry?
http://robots.cnnfn.com/1999/07/20/mailbag/mailbag/index.htm

Mutual Fund Tax Bombs
July, 1999 : Money Magazine, Vol. 28 No. 7
How to run up a $10,000 tax bill without even trying
http://money.cnn.com/best/magazine_archive/1999/07/fnd07_fi.html; http://www.jasonzweig.com/uploads/7.99TaxBomb.pdf

Don\'t Sell Value Short
June, 1999 : Money Magazine, Vol. 28 No. 6 Special Issue The MONEY 100
How would you like to be a highly intelligent, experienced, skilled professional--and come in to work every day and have somebody tell you that you\'re a moron?
http://money.cnn.com/best/magazine_archive/1999/06/mon06d_f.html; http://www.jasonzweig.com/uploads/6.99Value.pdf

Baloney.com
May, 1999 : Money Magazine, Vol. 29 No. 5
Don\'t believe the hype about Internet stocks and funds.
http://money.cnn.com/best/magazine_archive/1999/05/fnd05_fi.html; http://www.jasonzweig.com/uploads/5.99Baloney.com1.pdf; http://www.jasonzweig.com/uploads/5.99Baloney.com2.pdf

“Wall Street: The Sexy New Beat”
April, 1999
What are the motivations -- and conflicts -- behind personal-finance journalism? Jason moderates a panel sponsored (and entitled!) by the Center for Communication on covering the financial markets.
http://www.cencom.org/INDEX.HTM/transcripts/transcripts/WallStreet.htm

Risks and Riches
April, 1999 : Money Magazine, Vol. 28 No. 4
Over the full sweep of time, mutual funds have shown that they are probably the greatest contribution to financial democracy ever devised. But like every democratic structure, they are far from perfect.
http://money.cnn.com/best/magazine_archive/1999/04/risks.html; http://www.jasonzweig.com/uploads/4.99HistoryOfMutualFunds1.pdf; http://www.jasonzweig.com/uploads/4.99HistoryOfMutualFunds2.pdf

Look Back and Learn
April, 1999 : Money Magazine, Vol. 28 No. 4
Booms And Busts, Fashions And Binges, Have Been Part Of The Mutual Fund Experience Almost Since The Beginning.
http://money.cnn.com/best/magazine_archive/1999/04/mut04a_f.html

No Dumping
January, 1999: Money Magazine
Is your underperforming mutual fund manager the problem? Or are you? A look at why most people sell at the wrong time.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1999/01/01/253680/...; http://www.jasonzweig.com/uploads/1.99NoDumping.pdf

Confessions of a Fund Pro
February, 1999: Money Magazine
A manager explains how the deck is stacked against you: a chat with the pathologically candid Ted Aronson. (The second link offers a more complete transcript.)
http://money.cnn.com/magazines/moneymag/moneymag_archive/1999/02/01/254531/...; http://money.cnn.com/1999/01/15/zweig_on_funds/zweig_on_funds/index.htm; http://www.jasonzweig.com/uploads/2.99Aronson1.pdf; http://www.jasonzweig.com/uploads/2.99Aronson2.pdf

Flavor of the Month
March, 1999: Money Magazine
Are enhanced index funds (and 184% returns) too good to be true?
http://money.cnn.com/magazines/moneymag/moneymag_archive/1999/03/01/256200/...; http://www.jasonzweig.com/uploads/3.99EnhancedIndex.pdf


1998


Public Radio's "Marketplace"
February, 1998: “Marketplace”
An interview with David Brancaccio of Public Radio’s “Marketplace” on stock-market volatility and the importance of patience.
http://marketplace.publicradio.org/shows/1998/02/10_mpp.html

Five Investing Lessons from America\'s Top Pension Fund
January, 1998: Money Magazine
How TIAA-CREF manages $210 billion for millions of teachers.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/01/01/236875/...

How Funds Can Do Better
February, 1998: Money Magazine
Ten proposals to make mutual funds a better deal for their owners.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/02/01/237250/...; http://www.jasonzweig.com/uploads/2.98HowFundsCanDoBetter.pdf

Why Your Fund Manager May Work Better in the Dark
March, 1998: Money Magazine
A column arguing that more frequent disclosure of what a fund owns may not be a good thing.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/03/01/238585/...; http://www.jasonzweig.com/uploads/3.98Disclosure.pdf

Stocks or Funds?
April, 1998: Money Magazine
How to do decide whether (and where) mutual funds or individual stocks will work better for you.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/04/01/240348/...

Proof that Chasing Hot Funds Will Make You Dizzy, Not Rich
May, 1998: Money Magazine
New research shows that the more fund investors move their money around, the less of it they have in the end.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/05/01/241536/...; http://www.jasonzweig.com/uploads/5.98HotFunds.pdf

Don`t Believe the Bull: Bond Funds Do Have a Place
June, 1998: Money Magazine
Why almost every investor can benefit from owning a bond fund.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/06/01/243326/...; http://www.jasonzweig.com/uploads/6.98Bonds.pdf

The Global Thinker
June, 1998: Money Magazine
A brief profile of money manager and investment thinker Gary Brinson.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/06/01/243315/...

The Nonconformist
June, 1998: Money Magazine
A brief profile of swashbuckling money manager Ken Heebner.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/06/01/243328...

How to Use the News and Tune Out the Noise
July, 1998: Money Magazine
Evidence that investors who pay more attention to the latest news do not earn higher returns. In fact, they earn lower returns.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/07/01/244543/...; http://www.jasonzweig.com/uploads/7.98UseTheNews.pdf

The Team Players
June, 1998: Money Magazine
How groups of managers at Capital Research run the American Funds.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/06/01/243353/...

The Best Mutual Fund Family in America
August, 1998: Money Magazine
What makes the Longleaf Partners funds so different – and why aren’t more fund companies run the same way?
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/08/01/246600/...; http://www.jasonzweig.com/uploads/8.98Longleaf.pdf

Fidelity Is Back
September, 1998: Money Magazine
Corporate profile of the fund giant, illustrating how it is placing a new emphasis on managing risk.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/09/01/247700/...

Diversification Pitfalls
October, 1998: Money Magazine
Even savvy investors can mess up a good portfolio -- and remember, you are one of the eggs in your own basket.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/10/01/248898/...; http://www.jasonzweig.com/uploads/10.98YouAreAnEgg1.pdf; http://www.jasonzweig.com/uploads/10.98YouAreAnEgg2.pdf

Tax Angles for Fund Investors
November, 1998: Money Magazine
Act now to lock in the losses and duck the distributions: a year-end guide.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/11/01/250370/...

A Plague of Mergers
November, 1998: Money Magazine
Fund mergers help management, but what about shareholders? How mutual funds could become more truly mutual.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/11/01/250313/...; http://www.jasonzweig.com/uploads/11.98Mergers.pdf

Invest Globally -- Still
December, 1998: Money Magazine
Sure, the numbers are scary, but staying home is risky too. Why everyone should own an international fund.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1998/12/01/251931/...; http://www.jasonzweig.com/uploads/12.98GoGlobal.pdf

Performance Peek-a-Boo
Year-End, 1998: Money Magazine
The BlackRock GNMA Fund shows how Wall Street conjures up mutual fund performance out of thin air.
http://www.jasonzweig.com/uploads/12.98PerformancePeekaboo.pdf


1997


Staying the course through a crash
October, 1997: Public Radio’s “Marketplace”
On a day when the Dow Jones Industrial Average falls more than 554 points, Jason discusses how investors can stay focused on their goals. The transcript of this interview with Eric Roy of Public Radio’s “Marketplace” is available here (go to 1997 and click on October 27 – but note: this page loads very sloooooooooooooooooowly):
http://marketplace.publicradio.org/shows/index_archive.html

The crash of 1987: a decade later
October, 1997: Public Radio’s “Marketplace”
On the tenth anniversary of the Crash of 1987, Jason talks with David Brancaccio of Public Radio’s “Marketplace” about investing for the long term in nervous markets. Transcript available here:
http://marketplace.publicradio.org/shows/1997/10/23_mpp.html

Mutual Bet: Beating the Odds?
October, 1997: PBS
In this interview for PBS’s The News Hour with Jim Lehrer, Jason discusses the chronic underperformance of mutual funds: what causes it and what investors can do about it. Transcript available here:
http://www.pbs.org/newshour/bb/business/july-dec97/mutual_10-1.html

Putting Investors First
May, 1997
What should matter more to mutual funds: investment results or marketing success? In this speech -- to a group of fund executives at a dinner held in conjunction with the annual meeting of the Investment Company Institute – Jason warned that the fund industry was heading for disaster by trying to serve both masters. The speech infuriated the audience; several attendees stood up at the end and yelled that Jason had insulted their integrity. The trading scandal exposed in 2003 suggests that Jason’s doubts about their integrity were valid.
http://jasonzweig.com/speeches/Serving2Masters.doc

When the Stock Market Plunges...Will You Be Brave, or Will You Cave?
January, 1997: Money Magazine
An exploration of the psychology of investment risk.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/01/01/220939/...; http://www.jasonzweig.com/uploads/1.97InvBehavior1.pdf; http://www.jasonzweig.com/uploads/1.97InvBehavior2.pdf; http://www.jasonzweig.com/uploads/1.97InvBehavior3.pdf

Your Funds May Be Making You Rich...But You Are Also Getting Robbed
February, 1997: Money Magazine
An article documenting all the ways fund companies overcharge their investors, and how you can fight back.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/02/01/221668/...; http://www.jasonzweig.com/uploads/2.97Expenses1.pdf; http://www.jasonzweig.com/uploads/2.97Expenses2.pdf; http://www.jasonzweig.com/uploads/2.97Expenses3.pdf

Fidelity Starts to Trade Its Turbocharged Returns for Sedanlike Stability
March, 1997: Money Magazine
Growing pains at the giant mutual-fund company.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/03/01/222968/...

Funds that Really Make Money for Their Investors
April, 1997: Money Magazine
An exploration of one of the most puzzling gaps in the investing world: why mutual fund investors make less money than the mutual funds they own.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/04/01/224322/...; http://www.jasonzweig.com/uploads/4.97InvestorReturns1.pdf; http://www.jasonzweig.com/uploads/4.97InvestorReturns2.pdf; http://www.jasonzweig.com/uploads/4.97InvestorReturns3.pdf

Learn from the Big Bad Bear
May, 1997: Money Magazine
Lessons from veteran investors who survived the crash of 1973-1974.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/05/01/225653/...

Bond Funds Are a Hit
June, 1997: Money Magazine
A buying guide and ownership manual for bond funds.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/06/01/227207/...

The Top Beach-Blanket Investing Books
July, 1997: Money Magazine
A short recommended reading list for investors on vacation.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/07/01/228502/...; http://www.jasonzweig.com/uploads/7.97RequiredReading.pdf

How to Beat 77% of Fund Investors Year after Year
August, 1997: Money Magazine
A new argument about why most investors are better off in an index fund.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/08/01/229758/...

Will Index Funds Blow up on You?
September, 1997: Money Magazine
A look at the arguments against indexing, and why they do not hold water.
http://www.jasonzweig.com/uploads/9.97IndexFunds.pdf

The Best Funds for the Future
October, 1997: Money Magazine
Some thoughts on how to pick funds today with reasonable odds of outperforming tomorrow.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/10/01/231796/...

Watch out for the Year-End Fund Flimflam
November, 1997: Money Magazine
How do mutual fund managers so often manage to beat the market on the last day of the year? A look at the dirty little secret called windowdressing.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/11/01/233104/...; http://www.jasonzweig.com/uploads/11.97Windowdressing.pdf

Is That New Fund a Hard-Boiled Survivor -- Or Humpty-Dumpty?
December, 1997: Money Magazine
How to tell if a newly-hatched mutual fund is naturally good or has been warmed up by incubation.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/12/01/234648/...

The 1997 Mutual-Fund Oscars
December, 1997: Money Magazine
This year\'s picks and pans in the fund business.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1997/12/15/236098/...


1996


Why you should watch out for those sizzling funds that shout: “We’re No. 1!”
March, 1996: Money Magazine
How good is a fund? It depends mainly on when you start measuring its returns and when you stop.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/03/01/210144/...; http://www.jasonzweig.com/uploads/3.96WereNo.1.pdf

Why You Would Be Foolish to Count on a 10% Annual Return
January, 1996: Money Magazine
Lots of pundits say stocks will return an average of 10% forever into the future. They are wrong.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/01/01/207656/...; http://www.jasonzweig.com/uploads/1.96Expectations.pdf

The SEC Looks at Whether Vinik Broke the Rules
January, 1996: Money Magazine
A report on personal trading by Jeff Vinik, then the manager of Fidelity Magellan fund.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/01/01/207655/...

12 Deadly Fund Myths -- and How to Profit from Them
February, 1996: Money Magazine
Like the Ancient Greeks, fund investors believe in myths. Here we debunk the biggest and give you advice to make you a richer shareholder.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/02/01/207716/...; http://www.jasonzweig.com/uploads/2.96FundMyths1.pdf; http://www.jasonzweig.com/uploads/2.96FundMyths2.pdf

When to Desert a Fallen Idol
February, 1996: Money Magazine
Is your fund manager just in a slump, or has he turned into a chump? Here are some rules for knowing when to stay and when to walk away.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/02/01/207706/...; http://www.jasonzweig.com/uploads/2.96WhenToSell.pdf

Funds on Sale! Why now may be the time to open your wallet to closed-end funds.
February, 1996: Money Magazine
Amid the greatest bull market in history, closed-end funds are about as cheap as they have been in years. How to find top choices at terrific prices.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/02/01/207702/...; http://www.jasonzweig.com/uploads/2.96ClosedEnds.pdf

The Hottest Funds Are Too Big for Their Britches
April, 1996: Money Magazine
Ballooning mutual funds are great for the folks who run them, but they may be a bust for you. This article is an early look at the problem of how bigger funds produce smaller returns.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/04/01/211179/...; http://www.jasonzweig.com/uploads/4.96AssetElephantiasis1.pdf; http://www.jasonzweig.com/uploads/4.96AssetElephantiasis2.pdf; http://www.jasonzweig.com/uploads/4.96AssetElephantiasis3.pdf

A Fund Fee Shareholders Should Be Glad to See
April, 1996: Money Magazine
Why redemption fees are a good idea for long-term investors.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/04/01/211187/...; http://www.jasonzweig.com/uploads/4.96RedemptionFees.pdf

How to Win with the New Fidelity Lineup
May, 1996: Money Magazine
Fidelity has shaken up its managers to boost performance. What do the changes mean for investors?
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/05/01/212063/...

Why Socially Responsible Investing Is Not Quite As Heavenly As It Might Sound
June, 1996: Money Magazine
A column that raised questions about whether mutual funds can really appease your investing conscience.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/06/01/213198/...; http://www.jasonzweig.com/uploads/6.96SRIFunds.pdf

Why Investors Have No Reason to Fret over the Most Recent Fidelity Flap
June, 1996: Money Magazine
A short item explaining the significance of news about personal trading by portfolio managers.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/06/01/213204/...

When to Take a Wild Ride on a New Fund Rocket
July, 1996: Money Magazine
Brand-new funds often go straight to the moon -- or crash. This is a guide on what you need to know before blasting off on one of them.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/07/01/214172/...; http://www.jasonzweig.com/uploads/7.96NewFunds1.pdf; http://www.jasonzweig.com/uploads/7.96NewFunds2.pdf

Should You Wish upon the Stars to Pick Funds?
July, 1996: Money Magazine
A column explaining how the Morningstar mutual-fund ratings work.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/07/01/214159/...; http://www.jasonzweig.com/uploads/7.96Morningstar.pdf

Which Funds Are Too Hot
August, 1996: Money Magazine
A look at why so-called hot funds so often end up going cold.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/08/01/215474/...; http://www.jasonzweig.com/uploads/8.96FundsOnFire1.pdf; http://www.jasonzweig.com/uploads/8.96FundsOnFire2.pdf; http://www.jasonzweig.com/uploads/8.96FundsOnFire3.pdf

A Middle-of-the-Road Fund Will Make It Possible for You to Coast Past Bulls and Bears
September, 1996: Money Magazine
Why an apparently mediocre mutual fund can end up making you more money than a seeming superstar.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/09/01/216156/...; http://www.jasonzweig.com/uploads/9.96WarmFunds.pdf

How to Find Substitutes for Some Old Favorites
September, 1996: Money Magazine
A guide to searching for a new place for your money when one fund closes or a manager jumps ship.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/09/01/216111/...

Peering into the Past Does Not Tell You the Future of a Fund
October, 1996: Money Magazine
Why past performance is not an accurate guide to the returns a fund will earn after you buy it.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/10/01/217536/...; http://www.jasonzweig.com/uploads/10.96HotFunds.pdf

How You Can Avoid the Worst Year-End Mutual Fund Mistake: Giving Uncle Sam a Handout
November, 1996: Money Magazine
Tips on steering clear of big mutual-fund tax bills at the end of the year.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/11/01/204008/...; http://www.jasonzweig.com/uploads/11.96BuyDividend.pdf

How to Build a Portfolio
December, 1996: Money Magazine
Advice on how to assemble a mutual-fund portfolio one building block at a time.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/11/27/225071/...

Oscar Time for Funds: The Envelope, Please
December, 1996: Money Magazine
Awards for best and worst performance in an industry that is supposed to serve investors.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1996/12/01/218830/...; http://www.jasonzweig.com/uploads/12.96FundOscars.pdf


1995


Why Do Mutual Funds Cost So Much?
June, 1995: Morningstar Investment Conference
In this speech, Jason told the history of rising expenses over the years and reviewed – then dismantled – the fund industry’s justifications for the ever-higher flood of costs. If you want to learn more about how high fund expenses are, how they got there, and what to do about them, you may find that this speech (given while Jason was the mutual funds editor at Forbes) remains a useful resource.
http://jasonzweig.com/speeches/Morningstar1995.doc

Why You Should Not Take Personal Trading by Fund Managers Too Personally
November, 1995: Money Magazine
A look at the furor over fund managers who bought or sold the same stocks for their own accounts that they also picked in their mutual funds. (Note: This is one of the dumber articles I\'ve written.)
http://money.cnn.com/magazines/moneymag/moneymag_archive/1995/11/01/207341/...; http://www.jasonzweig.com/uploads/11.95PersonalTrading.pdf

Don\'t Get Caught in This Big Year-End Tax Trap
December, 1995: Money Magazine
How to avoid a common investing mistake, and some winners and losers.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1995/12/01/207745/...

Meet America`s Most Reliable Fund Manager
December, 1995: Money Magazine
A profile of Shelby Davis that highlights the difference between short-term flash and long-term success.
http://money.cnn.com/magazines/moneymag/moneymag_archive/1995/12/01/207591/...; http://www.jasonzweig.com/uploads/12.95Davis1.pdf; http://www.jasonzweig.com/uploads/12.95Davis2.pdf

DISCLAIMER
JasonZweig.com is my place to tell you what I think about a whole lot of investing stuff. I’m the only one responsible for my opinions, but I can’t guarantee they’ll always be right. If you don’t like what I say or it turns out to be wrong, I’m sorry; you can’t sue me. The material you find here is not meant as specific investing advice for you, and if you use it that way and something goes wrong, that’s your problem, not mine. To get individualized investing advice, you need to do your own homework or else hire a financial advisor, a tax professional, or a lawyer to do it for you (and even then, you’d better watch like a hawk!). If you think anything on this website is an invitation for you to buy or sell any investment, you need to get your head examined. What’s more, I’m not soliciting business of any kind, because I don’t have any business to solicit. (Believe it or not, I don’t want your money.) I’ll do my best to avoid any conflicts of interest in running this website, but I don’t have silvery wings and a halo, and somebody might manage to corrupt me. If that happens, it’s your job to notice and to be disgusted by it. In short, none of my best efforts to be honest, sensible, and trustworthy exempt you from your constant duties to treat what I say with the same skepticism you should treat anyone’s pontification about investing. I wish you good luck!

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