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Pricewaterhouse

Twenty-Five Years of Indexing

6,829
by Pricewaterhouse
Thursday, August 6, 1998

A report commissioned by Barclays Global Investors concludes that indexing has saved institutional investors worldwide as much as $105 billion since its inception 25 years ago. The report, entitled "Twenty-Five Years of Indexing," was conducted by ...Read More

Article Library

  • Engineering Portfolios for Better Returns

    7,520
    by Eugene Fama Jr. — Friday, May 1, 1998

    This isn't surprising. An active manager's primary directive, hardwired into his psyche, is to pick winners. Value investing is about investing in earnings-distressed companies. Picking the big potential earners from the value stock universe is similar to ...Read More

  • An Interview with Eugene Fama

    8,128
    by Peter Tanous — Saturday, February 1, 1997

    Eugene Fama grew up in Boston, a third generation Italian-American. While an undergraduate at Tufts University, he excelled in athletics and majored in French-an inauspicious beginning for a future giant in the field of economics. ...Read More

  • An Interview with Merton Miller

    8,695
    by Peter Tanous — Saturday, February 1, 1997

    Merton Miller's illustrious academic career started at Harvard, from which he graduated in 1943. He spent the next few years in Washington, D.C., working at the US Treasury and the Federal Reserve. He earned his Ph.D. from Johns Hopkins in ...Read More

  • Financial Economists Roundtable

    Statement on Risk Disclosure by Mutual Funds

    9,184
    by Financial Economists Roundtable — Wednesday, September 18, 1996

    The growth in the U.S. mutual fund industry in recent years has been explosive. Individuals invest in such funds directly and through retirement funds such as 401(k) plans. With ...Read More

  • Rex Sinquefield

    Active vs. Passive Management

    9,806
    by — Thursday, October 12, 1995

    With respect to market behavior there are, at the extremes, two views. At one extreme is the well-known efficient market hypothesis which says that the prices are always fair and quickly reflective of information. In such a world neither professional ...Read More

  • Rex Sinquefield

    Active vs Passive Management

    23,789
    by Rex Sinquefield — Sunday, October 1, 1995

    Active management is the art of stock picking and market timing. Passive management refers to a buy-and-hold approach to money management. It can be applied to any asset class: big stocks, small stocks, value or growth, foreign or domestic can all be accessed by passive ...Read More

  • A Work of Art: CRSP's Database

    7,105
    by Marilyn Kun — Wednesday, March 1, 1995

    In 1959, Louis Engel, a vice president at the firm then known as Merrill Lynch, Pierce, Fenner & Smith, telephoned James H. Lorie, '47 Ph.D., (then professor of business administration, now professor emeritus since 1991) and asked whether anyone knew how ...Read More

  • Coming Full Circle

    7,834
    by Marilyn Kun — Wednesday, March 1, 1995

    For Sinquefield, CRSP was a major factor in the decision to come to the GSB. "Basically, financial economics would still be in its nascent stages if it weren't for a database like CRSP," he says. "Academics simply wouldn't have been able to do the ...Read More

  • Darts and the Dow

    9,272
    by Ken Garner — Sunday, December 20, 1992

    How good are the experts? Not very, according to a short-term experiment for the ...Read More

  • Who Needs Experts?

    12,828
    by 20/20 — Friday, November 27, 1992

    The odds are you would be better picking stocks this way; throwing darts at the stock ...Read More