Bezos Surpasses Buffett as World’s Second Richest Man

Warren Buffett bets on the continuation of the present into the future. He eschews investments based on innovation or dramatic change in favor of owning assets that reliably produce profits for their owners. Insurance, railroads, candy, ketchup. Jeff Bezos bets on the disruption of the present into the future. He eschews focusing on reliable profitability in…

It’s all happening. The best conference of 2016?

I’m biased here because it’s my baby, but it’s hard for me to think of a way where this won’t be the best investing conference of the year. While our partners at IMN take care of the logistics, we continue to build out the agenda to make this a highly informative event. Consider… Today we…

Evidence is Beating Advertising

I mentioned earlier that the internet itself disrupted bad active management, rendering it no longer a viable business model. The flows data year-to-date bear this out quite visibly, according to Bloomberg’s Eric Balchunas: With fresh HF data in, here’s latest ytd flows: ETFs: $104b Index Funds: $77b Hedge Funds: -$22b Active MFs: -$76b https://t.co/Sa3rOAyXm1 —…