Why have stock-picking fund managers had it so tough over the last few years? A lot of people would say high correlation in the stock market, but that’s only part of the story. According to Goldman Sachs strategists, the real culprit is low dispersion. We’ve talked about this topic here before, but to rehash: Dispersion…
Joshua M Brown
Hot Links: Eat Your Own Cooking
What I’m reading this morning
Meet Ritholtz Wealth Management in San Francisco!
We’re very excited to come out to the Bay Area this spring to meet our clients, industry friends and some prospective clients as well.
“Leave the speculation to us”
This is one of the craziest PR pitches I’ve ever seen. I’m just publishing the entire email below, with the sender’s consent. After Hours Capital wants publicity and they want it now, at any cost. Feel free to sound off on this on Twitter. To be clear, I do not know anything about this service…
Howard Marks: Live Talk @ Google
Video
One Way to Solve the Fiduciary Debate: Truth in Advertising
Accordingly, perhaps the better solution to the blurring of the distinction between investment advisers and brokers is not to subject them all to a single uniform fiduciary standard as “financial advisors”, but instead to simply re-assert the dividing line between them.
QOTD: Bernanke on the limitations of the Fed in setting interest rates
If you asked the person in the street, “Why are interest rates so low?”, he or she would likely answer that the Fed is keeping them low.
Predators
Associated Press: Stephen Meadows, a retired architect, lost more than $100,000, a fifth of his original investment, according to estimates from a lawyer trying to get his money back in arbitration. His broker put him into non-traded REITs that pay large commissions to those selling them, but are difficult for investors to unload in a…
The Keyboard Bernanke Blogs From
Cartoon
Hot Links: Just when you thought it couldn’t get worse…
What I’m reading this morning
