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.

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.