The Watchdog That Didn`t Bark
10/01/2004: 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?
What Warren Buffett wants you to know
05/03/2004: 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.)
Folksy fun at Buffett meeting
05/01/2004: 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.)
Warren Buffett, rock star
05/01/2004: 11:24 AM EDT
A mosh pit of millionaires -- MONEY's Jason Zweig reports from the Berkshire annual meeting.
The Vanguard chronicles
04/23/2004: Money Magazine
Red-hot growth is testing the quirky, quasi-religious culture of this mutual-fund icon.
Putnam: The greed machine
12/21/2003: 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
Funds you can trust
11/23/2003: Money Magazine
Amid the ongoing scandals in the fund industry, there are things you can do to avoid getting burned.
What Would Jesus Buy?
05/01/2003: TIME Magazine
Can an investor become more righteous, and richer, by avoiding \"unholy\" stocks?
05/01/2003: Money Magazine, Vol. 32 No. 5
What should we make of Garrett Van Wagoner?
Inside the world\'s largest fund
In control of $80 billion, Magellan manager Bob Stansky wants to beat the market -- but he\'s no gunslinger.
How September 11th hit funds
11/22/2001: Money Magazine
Some top fund managers relate their experiences on a tragic day.
Here Come the Bogleheads
09/01/2001: 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?
“Fat Tails, Thin Ice”
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.
Will The Janus Way Go Astray?
01/01/2001: FORTUNE Magazine
MONEY magazine's mutual fund columnist Jason Zweig gets under the hood of Janus' magical money machine.
If Your Clients Know as Much as You Do, How Can You Keep Them?
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.
Don\'t Get Me Wrong
07/01/2000: Money Magazine, Vol. 29 No. 7
When should a fund manager--or an investor--admit a mistake?
The Best Investor You\'ve Never Heard Of
06/01/2000: 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?
04/01/2000: Money Magazine, Vol. 29 No. 4
The \"mountain charts\" in fund ads can be confusing.
Is a green fund a good fund?
Jason weighs in on the merits of socially-responsible mutual funds.
Behavioral Finance: What Good Is It, Anyway?
10/01/1999: 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.
Bogle: Going But Not Forgotten
10/01/1999: 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...
09/01/1999: 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
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]
Putting Investors First
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.
Why Do Mutual Funds Cost So Much?
06/01/1995: 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.
The Oracle Speaks
Warren Buffett speaks to the faithful at Berkshire Hathaway\'s annual meeting.
Don\'t Get Caught in This Big Year-End Tax Trap
12/01/1995: Money Magazine
How to avoid a common investing mistake, and some winners and losers.
Buffett Solves His Cash Crisis
Buying an Israeli private company signals that Warren Buffett will look overseas for great companies at good prices.
Meet America`s Most Reliable Fund Manager
12/01/1995: Money Magazine
A profile of Shelby Davis that highlights the difference between short-term flash and long-term success.
The SEC Looks at Whether Vinik Broke the Rules
01/01/1996: Money Magazine
A report on personal trading by Jeff Vinik, then the manager of Fidelity Magellan fund.
Why Investors Have No Reason to Fret over the Most Recent Fidelity Flap
06/01/1996: Money Magazine
A short item explaining the significance of news about personal trading by portfolio managers.
Oscar Time for Funds: The Envelope, Please
12/01/1996: Money Magazine
Awards for best and worst performance in an industry that is supposed to serve investors.
The Best Funds for the Future
10/01/1997: Money Magazine
Some thoughts on how to pick funds today with reasonable odds of outperforming tomorrow.
Watch out for the Year-End Fund Flimflam
11/01/1997: 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.
The 1997 Mutual-Fund Oscars
12/01/1997: Money Magazine
This year\'s picks and pans in the fund business.
How Funds Can Do Better
02/01/1998: Money Magazine
Ten proposals to make mutual funds a better deal for their owners.
The Global Thinker
06/01/1998: Money Magazine
A brief profile of money manager and investment thinker Gary Brinson.
06/01/1998: Money Magazine
A brief profile of swashbuckling money manager Ken Heebner.
The Team Players
06/01/1998: Money Magazine
How groups of managers at Capital Research run the American Funds.
The Best Mutual Fund Family in America
08/01/1998: Money Magazine
What makes the Longleaf Partners funds so different – and why aren’t more fund companies run the same way?
Fidelity Is Back
09/01/1998: Money Magazine
Corporate profile of the fund giant, illustrating how it is placing a new emphasis on managing risk.
Confessions of a Fund Pro
02/01/1999: 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.)
12/01/1998: Money Magazine
The BlackRock GNMA Fund shows how Wall Street conjures up mutual fund performance out of thin air.
The Higher Wisdom of Warren
07/01/2004: Money Magazine
Buffett has a lot more to teach than merely how to beat the market.
A Tale of Two Washingtons
11/01/2004: Money Magazine
What you can learn from the drastically different ways Washington Mutual and Expeditors International of Washington communicate with investors
We Talked to Chuck
01/01/2007: Money Magazine
Charles Schwab shares his thoughts on what makes investors succeed and what makes entrepreneurs tick.
Winning the Home Run Hitter`s Game
02/01/2007: Money Magazine
An argument for swinging for the investment fences from Ralph Wanger, the legendary manager of the Acorn Fund.
Buy. Hold. Profit. Give Back.
07/01/2007: 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.
What`s Luck Got to Do with It?
08/01/2007: Money Magazine
An interview with fund manager Bill Miller of Legg Mason Value Trust.
Do The Right Thing and Make Money
01/01/2008: Money Magazine
The Good and Bad of Ethical Investing: Socially responsible funds deliver decent returns.
What to Do When Your Fancy ETF Goes RIP
08/02/2008: The Wall Street Journal
The coming wave of closures in the ETF business
With Buybacks, Look Before You Leap
08/30/2008: The Wall Street Journal
It`s not always good news when companies buy back their shares
Wall Street Lays Egg with Its Nest Eggs
09/27/2008: The Wall Street Journal
Those who give advice do not always take it.
The Other Reason for Warren Buffett’s Success
11/01/2008: The Wall Street Journal
Mr. Buffett is not just better than other market players. He also plays a different game entirely.
How Bernie Madoff Made Smart Folks Look Dumb
12/13/2008: The Wall Street Journal
Why `sophisticated investor` is such an oxymoron.
Pay Attention to That Window Behind the Curtain
12/20/2008: The Wall Street Journal
A look at the perennial problem of year-end `windowdressing` by fund managers.
Investing Experts Urge ‘Do as I Say, Not as I Do’
01/03/2009: The Wall Street Journal
Even the best investing minds find taking even the best advice easier said than done.
Where Ezra Merkin Lost His Way
01/10/2009: The Wall Street Journal
How a famed value investor ended up ensnared in Bernie Madoff`s Ponzi scheme.
Smart Money Takes a Dive on Alternative Assets
01/17/2009: The Wall Street Journal
How the world`s largest -- and supposedly smartest -- investors got suckered on private equity and hedge funds.
Pay Collars Won’t Hold Back Wall Street’s Big Dogs
02/07/2009: The Wall Street Journal
Why the attempts to cap pay on Wall Street can\'t work.
Corporate-Cash Umbrellas: Too Big for This Storm?
03/14/2009: The Wall Street Journal
As Benjamin Graham warned long ago, some companies keep too much cash for your own good.
Did Your College Savings Plan Blow up on You?
03/21/2009: The Wall Street Journal
How 529 plans delivered just the wrong kind of education to their investors.
The Fight Over Who Will Guard Your Nest Egg
03/28/2009: The Wall Street Journal
Will brokers ever agree to be held to a higher `fiduciary` standard of caring for clients?
Investors Face Tough Duel When Fighting Brokers
04/11/2009: The Wall Street Journal
Why arbitration can be so arbitrary from the investor`s point of view.
How Group Decisions End up Wrong-Footed
04/25/2009: The Wall Street Journal
Why does committee decision-making so often go awry?
CEOs Need to Bring Investors Along for the Ride
05/02/2009: The Wall Street Journal
Some simple suggestions for reforming executive compensation.
Is Your Fund Pawning Shares at Your Expense?
05/30/2009: The Wall Street Journal
A peek into the shadowy world of securities lending.
Is Vanguard Sailing in Uncharted Seas?
06/13/2009: The Wall Street Journal
What was behind the fund company`s bid for the iShares ETFs?
About Time: Regulation Based on Human Nature
06/20/2009: The Wall Street Journal
At long last, behavioral economics comes to Washington.
Data Mining Isn’t a Good Bet for Stock-Market Predictions
08/08/2009: The Wall Street Journal
What butter production in Bangladesh tells us about stock returns in the U.S.
Can the Supreme Court Undress High Fund Fees?
08/15/2009: The Wall Street Journal
A new case offers the chance to improve the way fund boards set expenses.
A Sign of the Times: The New Meaning of ‘Asset Management’
03/12/2009: The Wall Street Journal Online
A blog post on the latest wrinkle in asset management.
Inside the Madoff Scandal
03/12/2009: The Wall Street Journal Online
An online video investigation of Bernard L. Madoff`s Ponzi scheme.
Remembrances: Peter L. Bernstein, 1919-2009
Risk-Management Pioneer and Best-Selling Author Never Stopped Insisting Future Is Unknowable
06/13/2009: The Wall Street Journal
An obituary for the investment philosopher Peter Bernstein.
Keeping Bad Brokers from Fading into the Background
09/26/2009: The Wall Street Journal
Should the disciplinary record of brokers disappear two years after they leave the field?
Staying Calm in a World of Dark Pools and Dark Doings
10/24/2009: The Wall Street Journal
What should investors make of insider trading, `flash` orders and `dark pools`?
Behind Buffett’s Decision, a Lesson from a Mentor
11/04/2009: The Wall Street Journal
What Mr. Graham taught Mr. Buffett about cash.
Why Turning the Page on a CEO Isn`t Always a Panacea
12/05/2009: The Wall Street Journal
A look at the belief that corporate destiny is controlled by the boss.
Remembrances: Christopher H. Browne, 1946-2009: A Career of Finding Value
12/16/2009: The Wall Street Journal
An obituary for a leading value investor.
Will 12b-1 Fees Ever Stop Bugging Investors?
12/19/2009: The Wall Street Journal
What should the U.S. Securities and Exchange Commission do about mutual-fund marketing fees?
Does Golden Pay for the CEOs Sink Stocks?
12/26/2009: The Wall Street Journal
Why it makes so little sense to pay tens of millions of dollars to corporate bosses.
Will New Rules Tame the Wall Street Tiger?
01/23/2010: The Wall Street Journal
How financial regulation might be redesigned with the lessons of history in mind.
Will We Ever Again Trust Wall Street?
02/06/2010: The Wall Street Journal
What would it take for burned investors to return to the markets?
Brokers Win, Investors Lose Key Reform
02/27/2010: The Wall Street Journal
Why isn’t Congress holding brokers to a higher standard of fiduciary duty?
A Star Trader Who Rarely Ever Traded
03/06/2010: The Wall Street Journal
What investors can learn from Jack Laporte of T. Rowe Price.
Why Fund Managers’ Hot Performance Isn’t So Hot
03/27/2010: The Wall Street Journal
Have markets suddenly gotten easy to beat?
A Perk of Power: Trading in Companies You Oversee
04/10/2010: The Wall Street Journal
Unlike just about everybody else, members of Congress can trade whatever and whenever they want.
Full Disclosure: Most Risks Hide in Plain Sight
04/24/2010: The Wall Street Journal
Would better disclosure have discouraged investors from buying from Goldman Sachs?
Lawmakers Bet on Fall in Stocks
05/04/2010: The Wall Street Journal
Even as they criticized leverage and short-selling, members of Congress used leverage to short-sell U.S. markets during the financial crisis. A Page One news story with Tom McGinty and Brody Mullins.
For Bill on Lawmaker Trading, Delay Is Long and Short of It
05/05/2010: The Wall Street Journal
A bill that would restrict insider trading by members of Congress is going nowhere in Congress. A news story with Brody Mullins.
Holding Brokers to a Higher Standard
05/15/2010: The Wall Street Journal
Why won`t Congress require brokers to have a fiduciary duty toward clients?
Why One Legendary Investor Is More Worried Than Ever
05/22/2010: The Wall Street Journal
The great value investor Seth Klarman explains why being smart in one dimension may no longer be enough.
Hey, Money Managers, Stop Putting the Squeeze on Investors
06/05/2010: The Wall Street Journal
How the investment business should restructure its services to provide clients a fair shake.
The Demise of the IPO -- and Some Ideas on How to Revive It
06/25/2010: The Wall Street Journal
Where have all the initial public offerings of stock gone?
Get Ready for a Cataclysmic Market Crash! (Or Maybe Not)
07/10/2010: The Wall Street Journal
Some forecasters are calling for the Dow to drop all the way to 1000. What would it take for them to be right?
A Fund Fee That Keeps on Taking
07/31/2010: The Wall Street Journal
Can the Securities and Exchange Commission reform 12b-1 marketing fees in mutual funds without making the whole mess even worse?
Ticker Shock: When a Catchy Stock Symbol Lures Investors
08/14/2010: The Wall Street Journal
You would never buy a stock just because you liked its ticker symbol. Or would you?
The Market War Between Traders and Investors Heats Up
09/25/2010: The Wall Street Journal
Have high-frequency traders hijacked the stock market, and what can anybody do to stop them?
Congress Staffers Gain From Trading in Stocks
10/11/2010: The Wall Street Journal
Another in our series of investigative articles about insider trading on Capitol Hill. With Brody Mullins and Tom McGinty.
The Credentials Racket
10/16/2010: The Wall Street Journal
Those fancy initials after your financial adviser`s name might not be as impressive as they seem. With Mary Pilon.
What Conflict of Interest? How Power Blinds Us to Our Flaws
10/16/2010: The Wall Street Journal
Why do members of Congress and their aides think there`s nothing wrong with the perception of insider trading on Capitol Hill?
Buffett: Combs Is a ``100% Fit``
10/27/2010: The Wall Street Journal
Who is Todd Combs, the new co-manager of Berkshire Hathaway`s investment portfolio? (With Serena Ng, Susan Pulliam and Gregory Zuckerman.)
Have You Herd? Your Adviser Is Scared to Set You Straight
10/30/2010: The Wall Street Journal
Do financial advisers rebalance their clients` accounts -- or unbalance them?
Congress Has Active Investors
11/6/2010: The Wall Street Journal
Some of the most itchy-fingered investors in America are members of Congress. With Tom McGinty and Brody Mullins.
Who`s Advising Your Adviser?
11/20/2010: The Wall Street Journal
Some of the organizations that train financial advisers put the ``vice`` in ``advice.`` With Mary Pilon.
Will Shaking Up the Watchdogs Take a Bite Out of Crime?
12/04/2010: The Wall Street Journal
What to watch for as states take over regulating many financial advisers from the federal government.
Will New Rules Help Investors Win Disputes With Brokers?
12/18/2010: The Wall Street Journal
If you think your financial adviser treated you unfairly, getting satisfaction can be an ordeal.
Granny and Clyde: When Seniors Scam Seniors
12/18/2010: The Wall Street Journal
A look at the disturbing incidence of elderly financial advisers ripping off elderly clients. With Mary Pilon.
Why Regulators Can`t Keep `Safe` Bond Funds from Sinking
01/15/2011: The Wall Street Journal
What makes rule violations that are obvious in hindsight so hard to spot in foresight?
A Chance to Veto a CEO`s Bonus
1/29/2011: The Wall Street Journal
Will a `say on pay` slow the growth in executive compensation?
Exchanges Pushed by a Need for Speed
02/10/2011: The Wall Street Journal
Stock exchanges have long been not just in the business of trading securities but controlling information.
These Rookie Regulators Have Got Moxie -- and Not Much Else
03/12/2011: The Wall Street Journal
Could tens of thousands of investment advisers be regulated by a handful of law students in Oxford, Miss.?
Will New Rules on Fees Slow Down Eager-Beaver Brokers?
03/26/2011: The Wall Street Journal
How the ``markups`` on stocks and bonds can skin you out of up to 5% of your money.
Conflict of Interest? Moi?
10/6/2012: The Wall Street Journal
What will the first examination of conflicts on Wall Street in a decade turn up?
Can Annual Reports Save Lives?
12/17/2011: The Wall Street Journal
In one of the oddest outcomes of the financial crisis, U.S. securities regulators are now in the business of policing human rights in Africa.
Now That`s Performance Art
12/24/2011: The Wall Street Journal
A look at how hedge funds goose performance -- and fees -- with manipulative trades at yearend.
Now That`s Performance Art
12/24/2011: The Wall Street Journal
How hedge funds pump up performance -- and fees -- in the year-end ritual of `window dressing.`
Lawmakers Lose in Markets
12/30/2011: The Wall Street Journal
Amid the insider-trading scandal on Capitol Hill, are itchy-fingered members of Congress any good at trading? (With Brody Mullins and Tom McGinty.)
Buffett Looking Out of Step
05/07/2011: The Wall Street Journal
In a market addicted to the Fed\'s free money, would you rather own Berkshire Hathaway or Cannabis Science, Inc.?
Here`s One Way to Beat the Market
06/04/2011: The Wall Street Journal
How some managers, including Jim Cramer, get to say they outperform: by comparing themselves to a benchmark with one hand tied behind its back.
How the Halo Effect Puts a Shine on Apple and Buffett
08/27/2011: The Wall Street Journal
Which companies benefit from a warm glow cast over them by charismatic CEOs?
Berkshire Adds Depth to Bench
09/13/2011: The Wall Street Journal
Who is Warren Buffett`s new deputy manager, Ted Weschler? (With Serena Ng.)
A Disciplined and Driven `Connect-the-Dots` Investor
09/14/2011: The Wall Street Journal
An in-depth look at Warren Buffett`s new hire, Ted Weschler. (With Steve Eder.)
Why a Legendary Market Skeptic Is Upbeat About Stocks
09/10/2011: The Wall Street Journal
An interview with Vanguard founder John C. Bogle.
Buffett Spots Fresh Bargain: Shares in His Own Company
09/27/2011: The Wall Street Journal
A look at Berkshire Hathaway`s announcement of a share-repurchase program. (With Jonathan Cheng.)
When Funds Lend Stock, Who Gains?
10/22/2011: The Wall Street Journal
Is your mutual fund or ETF getting the most out of its securities-lending operations for you?
Unwitting Angels: When Fund Investors Become Bankers
07/30/2011: The Wall Street Journal
Is your mutual fund suddenly in the business of bailing out bad debtors with your money?
Insider Trading: Why We Can`t Help Ourselves
04/02/2011: The Wall Street Journal
What blinded Warren Buffett to the conflicts of interest going on under his very nose?
Why You Shouldn`t Buy Those Quarterly Earnings Surprises
07/02/2011: The Wall Street Journal
How impressed should you be when you hear that earnings at most companies beat the consensus forecast? Not very.
The Extraordinary Popular Delusion of Bubble Spotting
11/05/2011: The Wall Street Journal
It turns out the author of `Extraordinary Popular Delusions and the Madness of Crowds`was an apologist for a bubble that unfolded before his very eyes.
The Rise and Fall of Bill Miller
11/18/2011: The Wall Street Journal
What lessons can investors learn from the spectacular record and sudden decline of Legg Mason`s Bill Miller?
Why Bankers Should Be Grateful for Occupy Wall Street
11/26/2011: The Wall Street Journal
A look at the history of intellectual and popular hostility to Wall Street.
Congress Pushing Curb on Trading
12/06/2011: The Wall Street Journal
In the wake of The Wall Street Journal`s articles on insider trading on Capitol Hill, will Congress reform its rules? With Brody Mullins and Tom McGinty.
Will New Tools Help Small Shareholders Topple Giants?
01/07/2012: The Wall Street Journal
Social networks are arising that might give individual investors new powers at corporate annual meetings.
Ready to Try On Mr. Buffett`s Shoes
01/03/2012: The Wall Street Journal
How did Ted Weschler, Warren Buffett`s new investing deputy, get the job? (Co-written with Steve Eder.)
Meet Suze Orman`s Newsletter Guru
01/21/2012: The Wall Street Journal
Is the investing partner of personal-finance diva Suze Orman really No. 1 in performance?
One Cure for Accounting Shenanigans
01/14/2012: The Wall Street Journal
When 11% of the companies in the S&P 500-stock index have used the same auditing firm for at least a half-century, isn`t it high time that accountants had term limits?
Are Pension Forecasts Way Too Sunny?
01/28/2012: The Wall Street Journal
For many pension plans to meet their projections, the stock market needs to grow at nearly 14% a year. Dream on.
Insider Bill Passes With New Backers
02/10/2012: The Wall Street Journal
The STOCK Act to curb insider trading on Capitol Hill moves forward after a series of articles in The Wall Street Journal. With Michael Rothfeld.
Rough Sledding: Clinging to Stocks
03/10/2012: The Wall Street Journal
Lessons on buy-and-hold investing from Daniel Dent, fund manager and Iditarod competitor.
Keynes -- Stock-Picker Extraordinaire
03/31/2012: The Wall Street Journal
The economist John Maynard Keynes, new research shows, was one of the most remarkable investors of the 20th Century.
And Buffett`s Successor Is...
04/21/2012: The Wall Street Journal
Amid the sheer guesswork about who will succeed Warren Buffett at Berkshire Hathaway, can numbers tell us anything?
Should Robots Replace Regulators?
05/05/2012: The Wall Street Journal
With regulators vastly outnumbered by the humans they oversee, could machines do a better job?
Could Computers Protect the Market From Computers?
05/26/2012: The Wall Street Journal
With one electronic meltdown after another in today`s high-speed markets, is human oversight outmoded?
Can `Skin in the Game` Pose Conflicts?
06/02/2012: The Wall Street Journal
A look at BlackRock energy-fund manager Dan Rice and the energy company run by his family.
A Fund Manager`s Home Cooking
06/16/2012: The Wall Street Journal
BlackRock energy-fund manager Dan Rice steps aside after his side businesses come to light.
BlackRock Fund Manager to Leave
06/22/2012: The Wall Street Journal
Energy-fund manager Dan Rice will leave BlackRock, the firm announces.
Breaking Up Is Hard to Do
07/28/2012: The Wall Street Journal
How well would the Glass-Steagall Act work if it were revived?
When Laws Twist Markets
08/04/2012: The Wall Street Journal
The latest effort by Congress to bolster U.S. financial markets and create jobs leads to a boom in British soccer clubs and Caribbean tax havens.
Protecting Your Bucket
09/15/2012: The Wall Street Journal
What`s in the `Buckets of Money` that well-known financial planner Ray Lucia recommends?
Consumers Get a Watchdog Agency
06/26/2010: The Wall Street Journal
New legislation creates the Consumer Financial Protection Bureau. (With Mary Pilon.)
What Will It Take for Companies to Unlock Cash Hoards?
05/28/2011: The Wall Street Journal
Companies have more cash than they know what to do with. It`s a shame so much of it is overseas.
Is the Market Half-Empty or Half-Full?
07/09/2011: The Wall Street Journal
Market pundits still insist on quoting the returns of the stock market without dividends.
Super Bowl Indicator: The Secret History
01/28/2011:WSJ Online: MarketBeat blog
Every January, market forecasters trot out the Super Bowl Indicator again, pretending that it has predictive power. Don`t any of them know it was deliberately conceived as a farce?
Keynes: He Didn`t Say Half of What He Said. Or Did He?
02/11/2011: WSJ Online: MarketBeat blog
Where is the proof that John Maynard Keynes ever said, `The market can remain irrational longer than you can stay solvent`?
Berkshire`s New Hire Bears Shades of Buffett
09/13/2011: WSJ Online
A first look at Ted Weschler, the money manager hired by Warren Buffett to run part of Berkshire Hathaway`s portfolio. (With Mary Pilon.)
Buffett`s New Stock Picker Gives Madoff Gag Gifts
09/12/2011: WSJ Online: MarketBeat blog
Warren Buffett`s latest hire has a sense of humor.
ETFs on the Hot Seat
10/19/2011: WSJ Online: Total Return blog
Tune in to Congressional hearings on ETFs.
Watching the Watchdog
10/25/2011: WSJ Online: Total Return blog
The Consumer Financial Protection Bureau, even before it opens its doors, is drawing scrutiny.
Quantitative Easing: The Wayback Version
10/31/2011: WSJ Online: Total Return blog
A look at Federal intervention in the capital markets, from 1866.
A Modest Proposal
11/01/2011: WSJ Online: Total Return blog
What if market forecasters were held accountable for the accuracy of their predictions?
Fund Data Gone Wild
11/03/2011: WSJ Online: Total Return blog
Sometimes, websites report wildly divergent statistics on what mutual funds hold in their portfolios.
The Credit Union Stampede
11/04/2011: WSJ Online: Total Return blog
With `Occupy Wall Street` fomenting anger against banks, Americans are shifting money to credit unions.
The Wrong Guru for Occupy Wall Street
11/15/2011: WSJ Online: Total Return blog
Why has the protest movement latched onto Henry Ford`s ideas?
Ay Caramba, Central Bankers!
The higher a government`s bond yields go, the less its citizens trust the central bank.
The Supercommittee as a Risk Factor
11/21/2011: WSJ Online: Total Return blog
As the government struggles to get the U.S. debt and deficit under control, companies have started pointing to it as a `risk factor` in their financial statements.
A Mini-Boom in Financial Planners Going Bust
11/23/2011: WSJ Online: Total Return blog
As the recession keeps hitting home, bankruptcies among financial planners -- not just their clients -- are on the rise.
Should Suze Orman`s Newsletter Partner Be Pumping His Ratings?
01/23/2012: WSJ Online: Total Return blog
A look at how the money diva`s partner represented his Morningstar ratings.
Suze Orman Zaps Newsletter Returns
01/23/2012: WSJ Online: Total Return blog
The money diva takes down reported results after questions from The Wall Street Journal.
`We`re No. 1,` Says Suze Orman`s Newsletter Guru. Is He Right?
01/25/2012: WSJ Online: Total Return blog
A look at the complicated rationale used by Mark Grimaldi to claim a No. 1 performance ranking for his newsletter.
Suze Orman Parts Ways with Newsletter
04/24/2012: WSJ Online: Total Return blog
After calling him `ethical` and `a genius,` Suze Orman ditches her former partner, Mark Grimaldi.
BlackRock: The Fund Manager and the Family Business
06/15/2012: WSJ Online: Total Return blog
More details on the potentially conflicting interests of BlackRock money manager Dan Rice.
How Green Is BlackRock Fund Manager`s Family Business?
06/15/2012: WSJ Online: Total Return blog
The unusual environmental impacts of BlackRock manager Dan Rice`s outside interests.
Kicking the Can Down the Road
12/21/2011: WSJ Online: Total Return blog
An essay on the phrase that suddenly has become the universal way to describe the lack of progress on the world`s financial problems.
The Ron Paul Portfolio
12/21/2011: WSJ Online: Total Return blog
A look at the investments of presidential candidate Ron Paul, whose portfolio certainly practices what he preaches.
NYSE to Brokers: Hey, No Gambling in the Casino!
01/18/2012: WSJ Online: Total Return blog
The New York Stock Exchange sternly reminds its members that `certain gambling activities` are `strictly prohibited.`
Dividends: Start Screaming
10/13/2012: The Wall Street Journal
Get ready for taxes to take a bigger bite out of your dividend income -- and what investors might be able to do about it.
Mark Zuckerberg: CEO for Life?
02/06/2012: WSJ Online: Total Return blog
Facebook`s IPO prospectus dwells on management tenure and compensation. Investors should, too.
Eurotrashing: The Latest Sales Pitch
02/16/2012: WSJ Online: Total Return blog
Direct marketers are starting to exploit the woes of the Eurozone.
So Who Commented on the Volcker Rule?
02/20/2012: WSJ Online: Total Return blog
A look at the numbers and variety of comment letters on the proposed banking reform.
Is There Gold in Them There Bills?
02/28/2012: WSJ Online: Total Return blog
To benefit from `money printing` by central banks, you could buy gold.` Or you could buy the company that does the money printing.
What Brokers Call Clients Behind Their Backs
03/16/2012: WSJ Online: Total Return blog
Why is anyone surprised that bankers at Goldman Sachs call clients `muppets`?
The U.S. House Cleans House (a Bit)
03/27/2012: WSJ Online: Total Return blog
Congress balances its own books for the first time in years.
Congress Pays, the Public Pays
03/29/2012: WSJ Online: Total Return blog
As Congress finally restricts (somewhat) its freedom to trade securities on inside information, the taxpayers foot the bill.
A Few More Punishments We`d Like to See
04/09/2012: WSJ Online: Total Return blog
As a rogue trader is sentenced to death in China, suggestions on other penalties that might clean up the financial markets.
Howard Schow, R.I.P.
04/10/2012: WSJ Online: Total Return blog
What made the founder of PRIMECAP such a successful investor?
Between the Lines of the JOBS Act
04/18/2012: WSJ Online: Total Return blog
Will the new law be a boon for Main Street or Wall Street?
Crowdsourcing a Debt-Crisis Solution
04/26/2012: WSJ Online: Total Return blog
What policymakers could learn from regular folks about how to get the debt and deficit under control.
The JOBS Act Goes Global
05/17/2012: WSJ Online: Total Return blog
As Congress attempts to create jobs in the U.S., companies in India get the first boost.
Debauching the Currency: What It Looks Like
05/25/2012: WSJ Online: Total Return blog
An artist imagines what the U.S. dollar will look like when it gets degraded.
The Managed Rankings of ETF Managed Portfolios
10/15/2012: WSJ Online: Total Return blog
A look at how the firms that assemble exchange-traded funds can tinker with rankings to make their portfolios look better.
Should Crimes of Capital Get Capital Punishment?
07/27/2012: WSJ Online: Total Return blog
A look at the history of the death penalty for financial wrongdoing.
Are Debtors` Prisons Coming Back?
08/28/2012: WSJ Online: Total Return blog
A look back at the history of punishment for delinquent borrowers.
The Jackson Hole Speech People Should Long Remember
08/31/2012: WSJ Online: Total Return blog
A call for resimplifying financial regulations in the age of complexity.
The Anti-Bernanke`s Early Warning on Quantitative Easing
09/13/2012: WSJ Online: Total Return blog
As the Federal Reserve loosens policy again, the long-ago warnings of Melchior Palyi might be worth heeding.
Church of England to Bankers: Repent!
09/27/2012: WSJ Online: Total Return blog
`Human sin is a reality that has to be taken account of` -- especially in the financial industry.
Jeremy Grantham Speaks: Must-See TV for Investors
11/24/2008: WSJ Online: The Wallet
A rare interview with a wise investor.
Journey to the Center of Warren Buffett`s Mind
11/14/2008: WSJ Online: The Wallet
A review of Alice Schroeder`s book `The Snowball.`
Warren Buffett: Read All About Him
11/08/2012: WSJ Online: Total Return blog
Two new books add to the collection of volumes about Buffett.
Buffett Is Out Of Step
05/07/2012: The Wall Street Journal
What does the underperformance of Berkshire Hathaway say about the financial markets?
Should You Bottle Up Your Money in `Baby Bonds`?
11/24/2012: The Wall Street Journal
A look at bonds with tiny, $25 denominations and fat yields of up to 7.4%.
Fund Managers Lift Results With Timely Trading Sprees
12/06/2012: The Wall Street Journal
A Page One analysis of the practice of window-dressing or marking the close, by which portfolio managers drive up stock prices just before the end of a quarter. (With Tom McGinty.)
Berkshire, in Rarity, to Buy Shares
12/13/2012: The Wall Street Journal
Warren Buffett buys $1.2 billion in Berkshire Hathaway stock from a private investor. (With Erik Holm and Laura Saunders.)
How Apple`s Fall Bit Bondholders, Too
01/26/2013: The Wall Street Journal
People who thought they were buying short-term bonds ended up paying an arm and a leg for Apple stock as it plunged.
Investor Aims High With Price For Dell
02/11/2013: The Wall Street Journal
A look at Southeastern Asset Management`s valuation of Dell Inc. (With Sharon Terlep, David Benoit and Telis Demos.)
Buffett Made a Play for Big Board
01/29/2013: The Wall Street Journal
The backstory behind Warren Buffett`s discussions to purchase NYSE Euronext in 2012. (With Anupreeta Das and Jacob Bunge.)
College Endowments Show Weak Returns
02/01/2013: The Wall Street Journal
The average endowment fund lost money in the year ending June 2012 even though both stock and bond markets were up. (With Ruth Simon.)
Another Big Holder Balks at Dell LBO
02/13/2013: The Wall Street Journal
T. Rowe Price says Michael Dell`s buyout bid undervalues Dell Inc. (With Telis Demos, David Benoit and Ben Worthen.)
Value Stocks Are Hot -- But Most Investors Will Burn Out
02/16/2013: The Wall Street Journal
The great value investor Jean-Marie Eveillard explains what makes value investing so hard: pain.
Norway: The New Yale?
Comparing two successful investing giants: the Norwegian government pension fund and the Yale University endowment. For The Wall Street Journal`s WSJ.Money magazine.
What You Can Do to Steer Clear of a `Custody` Battle
03/16/2013: The Wall Street Journal
Are the custodians that hold your financial assets in safekeeping as safe as everyone thinks?
Here Comes the Slow-Stock Movement
03/23/2013: The Wall Street Journal
Should investors earn rewards for being loyal, long-term shareholders?
Fund Firm at Center of Big Game Hunt
03/26/2013: The Wall Street Journal
How Southeastern Asset Management, the money manager trying to break up the deal to take Dell Inc. private, operates.
Upstart Fund Beats Its Daddy
04/06/2013: The Wall Street Journal
How does the Pimco Total Return ETF manage to beat the daylights out of the Pimco Total Return mutual fund?
The Bond Market Can`t Be This Easy to Beat -- Can It?
04/12/2013: The Wall Street Journal
The simple explanation for why so many bond funds are outperforming: They are taking risks that their investors are going to regret.
Who Sold You That Bad Hedge Fund? Ask for a Refund
04/27/2013: The Wall Street Journal
If the person you bought a hedge fund from wasn\'t properly registered, you might be able to get your money back.
The Retirement Gamble
04/23/2013: PBS Frontline
Video interview on 401(k)s with PBS` `Frontline.`
Lesson From Buffett: Doubt Yourself
05/06/2013: The Wall Street Journal
Why would Warren Buffett want to take questions from someone betting against his stock?
How the Rich Play the Market
05/11/2013: The Wall Street Journal
A new study shows the ways in which the rich invest unlike -- and like -- the rest of us.
Buying a Piece of Your Adviser
05/18/2013: The Wall Street Journal
Some investors aren`t just investing with financial advisers; they\'re investing in them.
Would You Buy a Used Stock From This Market?
11/12/2012: WSJ Total Return Blog
A new survey of investors finds that they think the financial system is still broken.
Do Junk-Bond Investors Have Garbage for Brains?
11/16/2012: WSJ Total Return Blog
Those calling individual investors the `dumb money` should look in the mirror first.
Why Handel Never Went Baroque
12/03/2012: WSJ Total Return Blog
The great composer of `The Messiah` was a pretty good investor, too.
Was Benjamin Graham Skillful or Lucky?
12/13/2012: WSJ Total Return Blog
By his own, little-known admission, the great investing pioneer was at least as lucky as he was skillful.
Is Warren Buffett a Buyback Hypocrite?
12/14/2012: WSJ Total Return Blog
Despite what many commentators seem to think, Buffett hasn`t changed his tune on share repurchases.
The Big Corruption in Small Gifts
12/21/2012: WSJ Total Return Blog
Don`t let any financial adviser or journalist tell you that accepting presents `of minimal value` is harmless.
How the Market-Matching Funds That Beat the Market Do It
01/18/2013: WSJ Total Return Blog
Further notes on how the TSP funds for U.S. employees work.
Who`s the Sucker Now?
01/30/2013: WSJ Total Return Blog
If individual investors are returning to the U.S. stock market, can a crash be far behind? Sure it can.
Stock Analysts Tell All!
04/25/2013: WSJ Total Return Blog
A new study shows what the job of a Wall Street stock analyst is. Hint: It isn`t analyzing stocks.
Financial Literacy Month Is So Over
05/01/2013: WSJ Total Return Blog
Financial literacy is like mom or apple pie. But does it work?
Buffett and the Bear
05/06/2013: WSJ Total Return Blog
Further thoughts on why Warren Buffett invited short-seller Doug Kass to ask questions at the Berkshire Hathaway annual meeting.
Buying a Piece of Your Adviser: Not for Everybody
05/22/2013: WSJ Total Return Blog
Individual investors aren`t the only ones who invest in the companies that manage their money. But you still should proceed with caution.
Trust: Easy to Break, Hard to Repair
05/28/2013: WSJ Total Return Blog
What would it take for investors to trust Wall Street again?
Wayward Trades, Then and Now
05/30/2013: WSJ Total Return Blog
In today`s high-frequency trading markets, your order can get filled at weird prices. Decades ago, Wall Street had a different way of handling that.
Going Dutch: Could Fee Hurdles Come Down Everywhere?
06/22/2013: The Wall Street Journal
What will happen as regulators in Australia, Holland and the U.K. ban commissions on funds and other investments?
The Hunt for the Never-Been-Done ETF
07/03/2013: The Wall Street Journal
Launches of new ETFs are grinding to a halt as fund executives struggle to come up with ideas that haven`t been done to death. (With Joe Light.)
Plenty to Blame for High-Pressure Hedge-Fund Culture
07/26/2013: The Wall Street Journal
In the indictment of SAC Capital on insider-trading charges, the missing culprits are the clients.
Berkshire Hathaway shareholder letters
Link to Warren Buffett's annual letters to shareholders, 1977 to date. If you want to learn how to think logically and clearly about all the issues that confront investors -- from inflation to stock options to diversification to index funds to the true meaning of risk -- Buffett's brilliant letters are the first (and often the final) word. He will never steer you wrong, and the learning is free and without obligation.
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