Every single wholesaler whose ever come to pitch me an international portfolio has made the case that having “boots on the ground” – meaning analysts located in overseas locations – would lead to outperformance relative to both the indices as well as the other foreign stock funds that maybe had less of these boots on…

The other day I posted what I consider to be an elemental chart about income growth (or lack thereof) since the recovery began. Neil Irwin explained that the only people who’ve seen a recovery in wage growth were those who were already doing well anyway. This has had a huge impact on the rich-poor divide…

Cartoon by Pat Bagley, Salt Lake Tribune

The one thing every New Yorker remembers about September 11th is how goddamn blue the sky was that day. We were in all different parts of the city, with all different vantage points and views, we carry all different anecdotes and episodes from the event and its aftermath. But what we all had in common was that…

The naysayers have a point when talking about the unfairness (or incompleteness) of the economic recovery. For many people, there really hasn’t been one yet. For the bottom 80 percent of income earners (almost the whole country) or those without financial assets, it can easily feel like the Recovery Fairy has simply skipped their house….

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“Josh, you promised me five minutes to show this to you. I promise you’re going to love it.” Dude, I have a million things going on… “I know, but putting this in front of you was one of the main reasons I flew down here, at least let me demo it for you. Five minutes,…

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