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

5,100
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

Archive

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

    5,269
    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 ...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 ...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, ...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 ...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 ...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, ...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

  • Mauboussin: Why the Market is Smarter Than You Are

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    by Henry Blodget — Friday, April 13, 2007

    Most people who write about the wisdom of crowds offer colorful anecdotes about crowd intelligence but don't explain why groups are smarter than individuals. In a recent piece, Explaining the Wisdom of ...Read More

  • In Search Of: A New Name For "Passive"

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    by Henry Blodget — Saturday, March 31, 2007

    One of the many reasons "passive" investing gets dissed is that its name--"passive"--is both misleading and deflating. Who wants to be "passive"? The folks who do well in life are active, the ones who have ...Read More

  • Dumbest Column of the Year

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    by Henry Blodget — Monday, March 12, 2007

    When you first stumble across this recent column from MSN Money, it seems that the writer (Tim Middleton) might just be playing an early April Fool's joke on his readers. After reading the the rest of the ...Read More

  • Amaranth's Losses Top $6 Billion

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    by Steven Mufson — Friday, September 22, 2006

    Amaranth Advisors LLC, the hedge fund firm that stumbled over massive wrong bets on natural gas futures, said late Wednesday that its losses had climbed to more than $6 billion, or 65 percent of the assets ...Read More

  • Rex Sinquefield

    Interview with Rex Sinquefield (transcript)

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    by Rex Sinquefield — Friday, December 2, 2005

    Rex Sinquefield is Chairman and Chief Investment Officer of Dimensional Fund Advisors. Rex received his B.S. from St. Louis University and his MBA from the University of Chicago. He has contributed numerous ...Read More

  • International Markets

    Stock Pickers in International Markets

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    by Mark Hebner — Sunday, January 23, 2005

    Many investors agree that the U.S. financial markets are highly efficient. But are other markets outside the United States efficient? Are there profitable investments that can be made that might outperform ...Read More

  • DFA vs Vanguard (from 2004)

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    by Christian Chensvold — Thursday, January 1, 2004

    Research shows that for a long-term investment strategy, Dimensional Fund Advisors (DFA) consistently delivers superior results to Vanguard. In a survey of between 1,100 and 2,000 investment advisors held ...Read More

  • Interview with Kenneth French

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    by Kenneth French — Wednesday, October 15, 2003

    Kenneth R. French is the NTU of Professor of Finance at the MIT Sloan School of Management. He is an expert on the behavior of security prices, investment strategies, and the management of financial ...Read More

  • Emerging Markets Rebounding

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    by J.D. Steinhilber — Wednesday, September 10, 2003

    Which equity index offers a price/earnings ratio of 14x, a dividend yield of 2.6%, and annualized earnings growth over the past five years of 12%? The answer will come as a surprise to many investors. ...Read More

  • Terminator Pulls Trigger on Indexing, Sort of

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    by IndexFunds.com Staff — Thursday, September 4, 2003

    Arnold Schwarzenegger owns approximately 5% of Dimensional Fund Advisors, the secretive mutual fund index group in Santa Monica that is popular among index advisors and institutional investors. Ironically, ...Read More

  • The Stockholm Syndrome and the Market

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    by Todd Hickman — Tuesday, July 22, 2003

    Since March 2000, many investors have found themselves victims of abuse. This April ten of the nation's top investment firms settled enforcement actions involving conflicts of interest between research and ...Read More

  • Reversal of the Mean: dogs become stars overnight

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    by IndexFunds.com Staff — Tuesday, July 15, 2003

    A surprising negative correlation of -77% exists between last year poor results and this year's shining ones so far for the following high-tech ETFs that comprise the worst performing ETFs in ...Read More

  • Assets in Broad U.S. Index ETFs Jump in May

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    by IndexFunds.com Staff — Tuesday, July 1, 2003

    The total combined assets of the 114 U.S. exchange-traded funds were $118.44 billion in May, according to the latest data from Investment Company Institute, the national association of the investment company ...Read More

  • Breaking Down the Style ETFs

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    by IndexFunds.com Staff — Monday, June 23, 2003

    Investors who use index-linked exchange-traded funds to slice and dice various parts of the U.S. market can choose from benchmarks from Russell, S&P/Barra, and Dow Jones. ...Read More

  • S&P Study Shows Cheaper Funds Outperform

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    by IndexFunds.com Staff — Friday, June 13, 2003

    S&P reported that, on average, funds with lower expense ratios have outperformed their more expensive peers in eight out of the nine domestic fund style categories over a one, three, five, and ten-year ...Read More

  • 'Safe' options: ETFs a good platform for their use

    4,887
    by IndexFunds.com Staff — Thursday, June 12, 2003

    Investors believe options are risky, and rightly so when they are used alone. But they take on a new light when an investor already owns an asset being optioned. ETF investors in particular can exploit their ...Read More

  • Gold ETF to Test Retail Investor Demand

    5,116
    by IndexFunds.com Staff — Wednesday, June 11, 2003

    An impending Exchange-Traded Fund based on gold is stirring debate over whether it will make gold so easy to own that a flood of new retail investors will send the precious metal ...Read More

  • ETF Asset Data from the ICI for April 2003

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    by IndexFunds.com Staff — Friday, June 6, 2003

    Exchange-traded fund assets continue to rise in the bear market, topping $110 billion in April, according to the latest figures released by the Investment Company Institute, the trade group for the mutual fund ...Read More

  • DFA hard to buy, easy to own.

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    by Timothy Middleton — Wednesday, June 4, 2003

    The latter is the professor-run hedge fund that imploded because the risks it was trying to avoid bit it in the backside. DFA, likewise run by a coven of finance professors, doesn't avoid risk-it relishes ...Read More

  • Broad Domestic Equity Indexes in May

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    by IndexFunds.com Staff — Monday, June 2, 2003

    The Dow Jones Industrial Average rose 3.69% in May, closing at 8793.12. The Dow Jones Industrial Average is up 5.41% for the year, according to Dow Jones Indexes. ...Read More

  • Fidelity to Launch Nasdaq Composite ETF

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    by IndexFunds.com Staff — Wednesday, May 28, 2003

    Yet another major player is set to enter the ETF industry. Earlier this week mutual fund giant Fidelity filed for its first exchange-traded fund that will track the Nasdaq Composite index. ...Read More

  • ETF Industry Poised for Next Round of Growth

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    by IndexFunds.com Staff — Tuesday, May 27, 2003

    The exchange-traded fund universe is expanding - at last count growing to 135 ETFs trading in the U.S. with over $112 billion in assets under management. Likewise, in the coming weeks we'll be enhancing our ...Read More

  • Larry Swedroe

    A Mutual Fund to Drool Over

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    by Larry Swedroe — Tuesday, May 27, 2003

    Bill Miller, the manager of the Legg Mason Value Trust fund, has managed to do what no other current manager has done - beat the S&P 500 index twelve years in a row. Surely that incredible feat cannot be ...Read More

  • S&P Active vs. Passive Study Focuses on Sector Funds

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    by IndexFunds.com Staff — Wednesday, May 14, 2003

    Standard & Poor's released a study showing active sector fund managers have fared relatively well against sector indexes that track thin slices of the market over the past five years. However, over the last ...Read More

  • ETF Advisors to Close Its Treasury ETFs

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    by IndexFunds.com Staff — Monday, April 21, 2003

    ETF Advisors announced it would close its four Treasury FITR funds: Treasury 1 FITR (TFT), Treasury 2 FITR (TOU), Treasury 5 FITR (TFI), and Treasury 10 FITR (TTE). ...Read More