Articles From Mark Hebner / Mary Brunson (51)

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  • IFA's Quote of the Week - 48 (Mark Hulbert)

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    by Mark Hebner / Mary Brunson — Friday, February 27, 2009

    "It is very hard, if not impossible," he wrote in his study, "to justify active management for most individual, taxable investors, if their goal is to grow wealth." ...Read More

  • IFA's Quote of the Week - 47 (Charles Ellis)

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    by Mark Hebner / Mary Brunson — Monday, February 9, 2009

    In his book Index Funds: The 12-Step Program for Active Investors, Mark Hebner identifies that 85% of investors are active investors. This means that a majority of investors handle their investments in one or more of the following ...Read More

  • IFA's Quote of the Week - 46 (John C. Bogle)

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    by Mark Hebner / Mary Brunson — Monday, January 12, 2009

    "We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our ...Read More

  • Mark Hebner's Response to Madoff's Mayhem

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    by Mark Hebner / Mary Brunson — Wednesday, December 17, 2008

    Like so many of you, I have watched in great dismay as the horrific details unfold regarding the Bernard Madoff investment scam—one that has quickly shaped up to be the biggest such scam in ...Read More

  • IFA's Quote of the Week - 40 (William Bernstein)

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    by Mark Hebner / Mary Brunson — Tuesday, November 18, 2008

    "No one in his right mind would walk into the cockpit of an airplane and try to fly it, or into an operating theater and open a belly. And yet they think nothing of managing their retirement assets. I've done all three, and I'm here to tell you that ...Read More

  • IFA's Quote of the Week - 38 (Mark T. Hebner)

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    by Mark Hebner / Mary Brunson — Monday, October 20, 2008

    "Investing in the absence of an investment policy statement reduces decision making to an individual event-driven process of chasing short-term results, eliminating the expectation of achieving the long-term returns of ...Read More

  • IFA's Quote of the Week - 37 (Harry Markowitz)

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    by Mark Hebner / Mary Brunson — Monday, October 6, 2008

    "To reduce risk it is necessary to avoid a portfolio whose securities are all highly correlated with each other. One hundred securities whose returns rise and fall in near unison afford little protection than the uncertain return of a single ...Read More

  • IFA's Quote of the Week - 35 (Jeremy J. Siegel)

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    by Mark Hebner / Mary Brunson — Wednesday, September 17, 2008

    "The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment." ...Read More

  • IFA's Quote of the Week - 34 (Michael C. Keenan)

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    by Mark Hebner / Mary Brunson — Friday, September 12, 2008

    "Fiduciaries should strongly consider index funds as an alternative to actively managed funds. Index funds incur about 80% less in transaction costs than actively managed funds…long-term returns for actively managed funds trail their respective ...Read More

  • IFA's Quote of the Week - 33 (Matt Krantz)

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    by Mark Hebner / Mary Brunson — Friday, September 5, 2008

    "Remember when you buy a commodity, you're not buying something that generates earnings and profit. You're buying a hard asset and hoping another buyer will be willing to pay more for that asset in the ...Read More

  • IFA's Quote of the Week - 32 (Benjamin Graham)

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    by Mark Hebner / Mary Brunson — Friday, August 29, 2008

    "The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic ...Read More

  • IFA's Quote of the Week - 29 (Benjamin Graham)

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    by Mark Hebner / Mary Brunson — Friday, August 1, 2008

    "The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his ...Read More

  • IFA's Quote of the Week - 24 (Truman A. Clark)

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    by Mark Hebner / Mary Brunson — Friday, June 20, 2008

    "Investors acquiring commodity futures in expectations of higher returns, lower risk, and improved inflation protection are making bets. Current evidence indicates that the odds are against ...Read More

  • IFA's Quote of the Week - 23 (Richard C. Green)

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    by Mark Hebner / Mary Brunson — Thursday, June 12, 2008

    "For a long career full of breakthroughs that have advanced our understanding of financial markets, and his early fundamental work on efficient markets, we are proud to have Professor Fama as the first recipient of this prestigious award." ...Read More

  • IFA's Quote of the Week - 22 (Harry Markowitz)

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    by Mark Hebner / Mary Brunson — Wednesday, June 4, 2008

    "A good portfolio is more than a long list of good stocks and bonds. It is a balanced whole, providing the investor with protections and opportunities with respect to a wide range of ...Read More

  • IFA's Quote of the Week - 19 (Michael C. Keenan)

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    by Mark Hebner / Mary Brunson — Monday, May 12, 2008

    "Fiduciaries should strongly consider index funds as an alternative to actively managed funds. Index funds incur about 80% less in transaction costs than actively managed funds…long-term returns for actively managed funds trail their respective ...Read More

  • IFA's Quote of the Week - 18

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    by Mark Hebner / Mary Brunson — Monday, May 5, 2008

    "Some fiduciary boards, particularly those composed largely of non professionals, do not adequately understand the true returns, risk and cost associated with investment in hedge ...Read More

  • IFA's Quote of the Week - 17 (Jack Meyer)

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    by Mark Hebner / Mary Brunson — Monday, April 28, 2008

    "Most people think they can find managers who can outperform, but most people are wrong. I will say that 85% to 90% of managers fail to match their benchmarks, if you properly specify their ...Read More

  • IFA's Quote of the Week - 16 (George Miller)

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    by Mark Hebner / Mary Brunson — Monday, April 21, 2008

    "Many 401(k)-style plans charge hidden fees that can cut deeply into worker's retirement savings, and many plan participants do not have access to low-cost investment options--index funds--that can help them boost their retirement ...Read More

  • IFA's Quote of the Week - 12

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    by Mark Hebner / Mary Brunson — Wednesday, March 26, 2008

    "res tantum valet quantum vendi potest." - Latin for: "A thing is worth only what someone else will pay for ...Read More

  • IFA's Quote of the Week - 10 (Burton Malkiel)

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    by Mark Hebner / Mary Brunson — Tuesday, March 11, 2008

    "Historically, the stock market is like a gambling casino with the odds in your favor. Over the long pull, stocks are given something like nine and a half to ten percent compounded per year. The banks have probably given you something in the order of four ...Read More

  • IFA's Quote of the Week - 9 (Merton Miller)

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    by Mark Hebner / Mary Brunson — Monday, March 3, 2008

    "If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's all that's going on. It's a game, it's a chance operation, and people think they are doing something ...Read More

  • IFA's Quote of the Week - 7 (William F. Sharpe)

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    by Mark Hebner / Mary Brunson — Monday, February 18, 2008

    William Sharpe tells us that if we want to achieve higher expected returns, we must be able to both emotionally and financially be able to withstand the increased volatility that inevitably comes with higher expected returns. Risk is the source of ...Read More

  • IFA's Quote of the Week - 6 (Mark T. Hebner)

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    by Mark Hebner / Mary Brunson — Monday, February 11, 2008

    As tax reporting documents trickle in and investors ponder their current tax situation, it's a good opportunity to give you some insight into a powerful tax-savings tool called tax loss harvesting. In fact, the recent market downturn provides you with an ...Read More

  • IFA's Quote of the Week - 5 (Warren Buffett)

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    by Mark Hebner / Mary Brunson — Monday, February 4, 2008

    Widely known as the Oracle of Omaha, Warren Buffett is one of the most admired investors in the world. Hordes of investors may bend a listening ear to capture Buffett's every word, but few seem to heed his sage advice to buy and hold. ...Read More

  • IFA's Quote of the Week - 4 (William Bernstein)

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    by Mark Hebner / Mary Brunson — Monday, January 28, 2008

    William Bernstein's quote conveys two important messages. First, he articulates an investor's inability to successfully profit from predicting the short-term future movements of the stock market. Second, and equally important, Bernstein sheds light on the ...Read More

  • IFA's Quote of the Week - 3 (Charles Ellis)

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    by Mark Hebner / Mary Brunson — Monday, January 21, 2008

    Charles Ellis was an early proponent of indexing. His quote addresses two important points: First, we should expect the stock market to rise over time, but take us on some ups and downs along the way. Second, the more educated we are about risk (the ...Read More

  • IFA's Quote of the Week - 2 (Burton Malkiel)

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    by Mark Hebner / Mary Brunson — Monday, January 14, 2008

    This witticism uncovered by Burton Malkiel introduces Chapter 11 of his enduring classic A Random Walk Down Wall Street. This section of Malkiel's book rallies support for Eugene Fama's Efficient Market ...Read More

  • IFA's Quote of the Week - 1 (John C. Bogle)

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    by Mark Hebner / Mary Brunson — Monday, January 7, 2008

    "You will almost never find a fund manager who can repeatedly beat the market. It is better to invest in an indexed fund that promises a market return but with significantly lower ...Read More