Indexing’s Looming “Free Rider” Problem “If you’ve been playing poker for a half-hour, and you don’t know who the patsy at the table is . . . it’s you.” –Warren Buffett “Index funds run by Vanguard see record inflows as savers turn to autopilot.” –“Investors Shun Stock Pickers”; The WSJ (1/5/2015) I’m a long-time fan...Read More
“Shame on You, Wall Street Journal!” Long-time stock market watchers are familiar with “The Magazine Cover Indicator”: when Business Week (or Fortune, or Forbes, or Newsweek) runs a cover with the title, “The Death of Equities,” or some such — stop what you’re doing, call your broker (does anyone still have one??) . . ....Read More
