…was convincing investors that volatility and risk were the same thing. This idea that risk cannot truly be measured by looking at volatility (as measured by standard deviation) is well-trod territory in the financial blogosphere so I won’t go into it at length again. But I do feel as though more than half of all…

Andrew Parish at AdvisorHUB relays the following: Multiple sources inside of Wells Fargo were in touch with AdvisorHUB over the weekend describing internal discussions to adopt the fiduciary standard throughout their wealth management operations. These sources say that the pressure being applied by advisors within the firm and in the media are making a serious…

Michelle Meyer, a (very good) economist at Bank of America Merrill Lynch, takes a look at the most and least overvalued real estate markets in the US circa now. I believe that disposable income per capita is an important consideration here… The recovery in home prices has been impressive. National home prices have increased 24% from the trough…

This is a developing story, but this morning the Nasdaq Composite Index just took out the 5000 level within the first hour of trading. It’s been fifteen years since it peaked at these levels and a lot has changed. Most notably, all of the promises of the internet’s potential to change the world have come…

What every office in New York City sounds like this month… Source: SNL

via Visual.ly: This infographic was produced for the Bill and Melinda Gates Foundation. It illustrates what America’s demographic profile would be if the country’s population were comprised of only 100 college students. The Bill and Melinda Gates Foundation assert this diversity should be considered in planning tomorrows education policies.

I’m poring over the just-release 2014 annual letter to Berkshire Hathaway shareholders today and, as usual, I’m finding nuggets of wisdom on every single page. One really interesting bit I wanted to pass on concerns a crucial benefit that their conglomerate structure offers. In countering the idea that Berkshire should break itself up or spin off…