Why Hedge Fund Fees Scuk*

Happy New Year, everyone. A few days ago I came across a terrific post by Terry Smith on his blog, Straight Talking. Using Warren Buffett's investment returns, he illustrates why the two-and-twenty standard is egregious. Hedge funds win disproportionately when...

The Giving Pledge: What Do We Want From the Wealthy?

I’ve been thinking about the “Giving Pledge,” a campaign championed by Bill Gates and Warren Buffett. They're asking fellow members of the uber rich to pledge 50+ percent of their fortunes to charities—more money to philanthropy and less to...

Top Ten Types of Stockbrokers #7

#7 PULPIT POUNDERS PULPIT POUNDERS are the polar opposites of ZOMBIES. They campaign to save you from the villains of Wall Street—even if it means dumping on their own firms. Self-righteous and highly opinionated, these stockbrokers can be passionate students of the...