Category Archives: The Business of Investing
A huge loss to the investment world…
John “Jack” Bogle passed away on January 16, 2019. To those who don’t know his name, he is the founder of Vanguard and the person most responsible, by far, for bringing the wisdom of index investing to us all. His … Continue reading
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Advice worth listening to?
I think one of the hardest issues to tackle with respect to investing is where to go for advice. I’ve long struggled with how to guide people on this issue since what needs saying is often hard to hear or … Continue reading
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The Scourge of Investment Costs
Several years ago I wrote a paper on the various costs of investing, how controllable they are for investors and how important this issue is to your long term wealth. While I encourage you to read the paper in its … Continue reading
Posted in Economics, Ethics in Investing, Investment Philosophy, The Business of Investing
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Active vs. Passive Investing
This is the first of two posts on this subject. Here I want to tackle why understanding this debate is not just relevant but crucial to all investors. In the follow-on post I will ask you to rethink whether active … Continue reading
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ETFs vs. Mutual Funds…Which is Better?
To keep this post reasonably short yet useful, I’m not going to spend time on defining or explaining the exchange traded fund (ETF). If you want to learn more, a great place to start is ETF University at etf.com, or … Continue reading
Posted in Investment Philosophy, The Business of Investing, Uncategorized
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Some Perspective on the Upcoming Fiduciary Rule
On June 9, 2017, the Department of Labor’s Fiduciary Rule goes into effect. In short, it requires that anyone providing advice to tax-deferred or tax-free retirement accounts for a fee must put the investor’s interests before their own. While the … Continue reading
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What Frontier’s strategy is…and is not
This is probably no surprise, but I thoroughly enjoy talking about investing strategies with people. I’ve realized over the years, however, that most don’t share this interest. In fact, most are happy to know as little as possible about the … Continue reading
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Knowing what we don’t know
There was an interesting article in the New York Times a few days ago (“Testing What We Think We Know”) that discussed the exorbitant amount we spend on medical procedures that don’t do what we thought they would. Often times … Continue reading
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Calculating advisory fees fairly for both client and advisor
Most investors who have their portfolios managed by “fee-based” investment managers should wish the second quarter of 2012 ended a day earlier. Today, the last day of this quarter, the global equity markets are up over 3%. Since the vast … Continue reading
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Let’s stop kidding ourselves about “risk management”
One of the more popular marketing ploys in investing these days is to claim “superior risk management”. It seems every manager and every strategy today highlights that they are supremely focused on risk, implying either that they are better at … Continue reading
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