I'm writing a column for the Wall Street Journal about wealth management that will appear on-line every other Thursday. Today was the first, which you can find here: Vonnegut: Go Bag or Kool-Aid?
Importantly, you need a subscription to read the full article. But here's a snippet:
I personally believe asset allocation is a gateway drug for drinking the Kool-Aid. The pitch goes something like this: "Our firm has this lights-out money manager. Exclusive to us. Let's get him to supercharge a piece of your portfolio." Meanwhile, you just goosed your return on the relationship by 15 basis points, and the boss is doing cartwheels.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.