Articles

Articles on Investing:

A Dying Banker’s Last Instructions – Gordon Murray, a Wall Street veteran, has brain cancer and a desire to show people a better way to invest. This New York Times article talks about Murray's move away from practicing active management to acceptance of passive management as a wiser method. Nov. 29, 2010

Are Index Funds on Track to Become Even Harder to Beat? Wall Street Journal columnist Jason Zweig says: ".. index funds continue to make investing cheaper and easier than ever. For investors in these low-cost, autopilot portfolios that dispense with stock pickers and passively replicate the holdings of a broad basket of stocks or bonds, the best is yet to be."  Nov. 27, 2010

Efficient Markets Theory and the Crisis  Wharton School professor Jeremy Siegel gives a cogent rebuttal to claims that the efficient markets hypothesis is to blame for the financial crisis

Luck versus Skill in Mutual Fund Performance  Through their public website venue, Professors Fama and French offer several new entries, including an adaptation of their recent paper, Luck versus Skill in Mutual Fund Performance, and answers to timely questions on the perceived long-term safety of stocks, the benefits of financial innovation, and the role of market efficiency in the financial crisis.