…be coming up in the headlines in the coming days. Perhaps we avoid another brouhaha and politicians come to their senses and do what needs to be done. We have…
…competition from other, similar firms, the cut to zero was a response to Robin Hood, who launched with zero commissions. Does that mean that it’s ‘free’ to trade at Robin…
…his long-running hedge fund dedicated to shorting. Chanos uncovered the fraud at Enron and enjoyed a series of big successes, but it was still hard to fight the tide. I’m…
…popular, the Spider S&P 500 ETF Trust, which trades under the ticker SPY. When we launched Acropolis in 2002 there were 113 ETFs on the market with a total of…
…could solve the underfunding problem by using some of my salary and borrowing money if needed. The overfunding was trickier. Yes, I could transfer any unused balance from my older…
…short: Myron Scholes knows more about investing than just about anyone, especially me. But that doesn’t mean I would invest with him. After a few decades in academia, Scholes understandably…
…this. In order to understand what happened to stocks last week, we actually have to turn to the bond market and take ourselves back to the election. When President Trump…
…Administrator. Yes, there hasn’t been a year yet where we made 75 errors. Remarkable, especially when you consider the number of trades that we execute, as pictured above. Still, I…
…value of a stock, known as the equity or book value. The P/B is computed by subtracting the company liabilities from the assets, much like determining the equity in your…
…mind was: what if everybody indexed? Theoretically, indexing doesn’t work if everyone indexes because the market needs active managers to set prices. Imagine a pharmaceutical company develops a new drug…
