Weight of Evidence

Click on the link to see the sketch and the overwhelming number of studies supporting our approach.

Many are still talking about the Op-Ed piece by Greg Smith. We especially love this write up from John Cassidy, as he reminds Goldman to do what we’ve been saying for years:

One popular theory, which I heard the Times columnist Joe Nocera expounding on the radio yesterday, is that it all goes back to 1999, when the firm issued stock to the public. As an old-school Wall Street partnership, this story goes, Goldman valued its reputation too highly to get involved in some of the shenanigans that it has gotten mixed up in recently, and it could also afford to take the long view. Once it became a public company, however, it came under pressure to raise its earnings every quarter. And this encouraged it to put short-term profits before anything else, including the best interests of its clients.

Read more http://www.newyorker.com/online/blogs/johncassidy#ixzz1pJDmiijy

Jared Kizer is known as a thought leader in the evidence-based investment community for his technical prowess, but in his recent blog post on “Multifactor World” he reveals his thoughts on more personal matters. Read his thoughtful reflection here.

Think of all the wealth that would be created if CNBC touted what the academic evidence tells us.

When a recent clip from CNBC endorsed actively managed mutual funds, Carl Richards checked the data. He points out that it makes the opposite case. Click the link for the full post on NYT Bucks Blog.

Picture by Eric Thayer for the New York Times

We often share stories and sketches from our friend, Carl Richards (NYT author and artist whose first book is due out in January ’12), and one of his best articles yet, How a Financial Pro Lost His House, was just published in the New York Times. Click Here to read his personal story.

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Friend and colleague, Carl Richards, on why there is an inverse relationship between paying attention to the stock market and long term wealth.

If you haven’t seen the Academy Award Winning movie Inside Job please consider adding it to your Netflix or OnDemand queue. The following is an interview with the filmmaker Charles Ferguson:

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