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Betting vs. Investing: What We Can Learn from Mega Millions

3,626
by IFA Contributors
Thursday, March 29, 2012

Lotto fever has struck! The jackpot for this Friday’s Mega Millions drawing is a breathtaking $540 million, an all-time record. Undaunted by the incomprehensibly slim odds of 1 in 176 million for picking the winning ...Read More

Archive

  • Where the Money Grows

    5,811
    by IFA Contributors — Wednesday, March 21, 2012

    “The easiest way into Wall Street is by the Hall of Delusions through which many have entered who forgot to return. That door stands always wide open. No legend of warning affronts the eye. There ought ...Read More

  • MF Global and the Meaning of Chutzpah

    4,853
    by IFA Contributors — Tuesday, March 20, 2012

    Like schlemiel and schlimazel, chutzpah is one of those Yiddish words that lacks a good English counterpart. A good example of it is the old joke about the guy who kills his parents and then demands leniency ...Read More

  • Escaping From the Great Vampire Squid

    by IFA Contributors — Wednesday, March 14, 2012

    As a blogger, sometimes there is a dearth of topics to write about, and sometimes Christmas comes early. My benefactor for today is Greg Smith, a former executive director at Goldman Sachs who tendered his ...Read More

  • The Sizzle or the Steak: Exotic Market-Linked CDs

    4,706
    by Roger Trinwith — Tuesday, February 28, 2012

    With investors scouring the metaphorical earth and turning over its rocks for “safe” investments that provide yields in excess of inflation, it comes as no surprise that Investment Banks have ...Read More

  • Weston Wellington

    Who Has the Midas Touch?

    5,154
    by Weston Wellington — Thursday, February 23, 2012

    Over the course of a lengthy and illustrious business career, Warren Buffett has offered thoughtful opinions on a wide variety of investment-related issues—executive compensation, accounting standards, ...Read More

  • Tough Times for American Funds

    5,366
    by IFA Contributors — Tuesday, February 7, 2012

    According to a recent report from Morningstar, 2011 was yet another banner year for the ascendancy of passive investing. Index mutual funds received net inflows of $76 billion, and exchange-traded funds which ...Read More

  • Brad Steiman

    Paradox of Skill

    9,994
    by Brad Steiman, Dimensional Fund Advisors — Monday, February 6, 2012

    Manager selection is a process that requires analyzing noisy performance data, so it should lean heavily on the notion of statistical ...Read More

  • Morningstar's Manager of the Year: Luck or Skill?

    11,986
    by IFA Contributors — Thursday, February 2, 2012

    Unfortunately for them, investors are constantly bombarded with advertisements, market commentaries, and screaming magazine covers telling them what they should do with their money. Contributing to all the ...Read More

  • Jim Parker

    Hedge of Darkness

    5,711
    by Jim Parker — Thursday, January 19, 2012

    It's true. Big money can be made from hedge funds. If you run one, that ...Read More

  • Weston Wellington

    Year-End Review

    6,856
    by Weston Wellington — Monday, January 9, 2012

    Equity investors around the world had a disappointing year in 2011 as thirty-seven out of forty-five markets tracked by MSCI posted negative returns. The US did well on a relative basis and was the only major ...Read More

  • Bryan Harris

    2011 Review: Economy and Markets

    5,197
    by Bryan Harris — Monday, January 9, 2012

    The past year reminded investors that they should hope for the best, prepare for the worst, and be thankful when reality does not match their fears. Investors entered 2011 with hopes that the world economy ...Read More

  • 2011: The Year in Review

    5,359
    by IFA Contributors — Tuesday, January 3, 2012

    Unlike 2009 and 2010, 2011 was a year in which most risks were not rewarded. It is important to bear in mind that if risk were rewarded every year, it wouldn’t be risk and investors would have no right ...Read More

  • Tax Loss Harvesting [VIDEO]

    7,039
    by Mark Hebner — Wednesday, December 21, 2011

    In addition to rebalancing, taxable investors should also consider a tax-savings tool called tax loss ...Read More

  • Reaching for Yield: Preferred Stock

    5,601
    by IFA Contributors — Wednesday, December 21, 2011

    In this continuing series exploring different ways investors might attempt to increase the annual income received from their portfolios, we look at preferred stock, a special equity security that has ...Read More

  • Reaching for Yield: High-Yield Mortgage REITs

    6,325
    by IFA Contributors — Monday, December 12, 2011

    In this continuing series exploring different ways investors might attempt to increase the annual income received from their portfolios, we look at mortgage real estate investment trusts (REITs). A REIT is a ...Read More

  • Weston Wellington

    What Does a Winning Streak Tell Us?

    5,002
    by Weston Wellington — Tuesday, November 29, 2011

    Bill Miller is one of the most closely watched money managers in the industry, so it was big news when he announced his decision last week to step down as portfolio manager of Legg Mason Capital Management ...Read More

  • Fidelity Magellan's Alpha?

    8,224
    by Mark Hebner — Tuesday, November 15, 2011

    The chart below is the Alpha Chart for the famous Fidelity Magellan fund. Peter Lynch managed the Fidelity Magellan Fund from 1977 to 1990, during which time the fund's assets grew from $20 million to ...Read More

  • Stock Pickers and the Illusion of Validity

    6,204
    by IFA Contributors — Monday, October 31, 2011

    To beat up an old cliché, if you ask 1,000 stock pickers for an explanation for why they chose to buy a particular stock, you are likely to get 1,000 different answers. They range the gamut from "Cramer ...Read More

  • IFA’s Concerns with ETFs

    7,280
    by IFA Contributors — Wednesday, October 26, 2011

    With the Securities and Exchange Commission’s launching of a broad, agency-wide review of exchange-traded funds and the recent Senate subcommittee hearings concerning the rapidly growing $1 trillion ETF ...Read More

  • UBS: A Rotten Culture Inspires Rotten Actions

    5,315
    by IFA Contributors — Thursday, September 29, 2011

    UBS, the Swiss-based financial services company that is the world’s second largest manager of private wealth assets, has been in the news a lot lately. We all know about the rogue trader,Kweku Adoboli, ...Read More

  • The Turn of the Tide

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    by Mark Hebner — Thursday, September 8, 2011

    Is there change on the horizon? A recent article in Bloomberg Businessweek by Charles Stein details the disenchantment investors are experiencing with stock pickers. Mutual funds that invest in domestic ...Read More

  • A Review of the Florida Retirement System

    3,604
    by Mark Hebner — Friday, July 29, 2011

    The Florida State Pension plan, in my opinion, has provided further evidence of the failure of active management. All the time and money spent by Florida on the selection and termination of investment managers ...Read More

  • Wall Street Still Running Amok

    5,213
    by IFA Contributors — Wednesday, June 1, 2011

    IFA implores taxpayers to keep an eye on government officials entrusted with public funds and to help them steer clear of the sharks of Wall ...Read More

  • Brad Steiman

    What's the Significance?

    47,851
    by Brad Steiman — Friday, May 6, 2011

    Caution: Technical Discussion to Follow—READ AT YOUR OWN RISK. As the old saying goes, there are three kinds of lies: lies, damned lies, and statistics. It is true data can be tortured with statistical ...Read More

  • Burton Malkiel on Tech | Ticker

    7,359
    by TechTicker — Monday, January 10, 2011

    Look at the performance of mutual funds over the last forty years: It’s clear that index funds like Vanguard’s have a huge advantage over other ...Read More

  • Are You an Active Investor?

    6,268
    by Index Funds Advisors — Sunday, January 31, 2010

    The first step on the index funds journey is to recognize active investor behavior. If all investors were lined up in a row, could the active investors be identified? ...Read More

  • John Resurreccion

    Endowments Article Review

    4,097
    by John Resurreccion — Wednesday, January 13, 2010

    Stanford, Yale, Harvard, Princeton—we know these institutions as our top providers of secondary education and research in the world. In the investing world, their endowments along with foundations and pension ...Read More

  • John Resurreccion

    Galleon Insider Trading Review

    5,337
    by John Resurreccion — Wednesday, January 13, 2010

    The hedge-fund industry, $1.2 trillion strong, has been lobbying for years to avoid heavy regulation. That fight has stepped up recently in the wake of the financial crisis, but they have been dealt a serious ...Read More

  • John Resurreccion

    Hedge Fund Lies

    5,042
    by John Resurreccion — Wednesday, January 13, 2010

    Where is South Carolina Representative Joe Wilson when you need him? The shouting of “You Lie!”, although inappropriate during a joint session of congress, may just be warranted when pointed in the direction ...Read More

  • A Tribute to David Booth

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    by Sameer Desai — Monday, December 14, 2009

    Mr. David Booth’s $300 million gift to his alma-mater has to be a milestone in the annals of finance, economics and investments. University of Chicago’s announcement that its business school was being renamed ...Read More