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Fee War Moving to Advisors?

Fee War Moving to Advisors?

With mutual fund and ETF fees continuing to fall (and zero fee funds now available), the spotlight is shifting towards financial advisor compensation. Tim Buckley, CEO of Vanguard presented to 250 Vanguard investors last night. I was there. One of his big initiative...
Active vs. Passive – A Very Tired Debate

Active vs. Passive – A Very Tired Debate

A recent memo from billionaire investor Howard Marks seemed to rekindle debate over active and passive investment management or, more specifically, how both should be defined.  Howard (correctly) observed the increasingly blurring line between active and passive:...
Wine, Investment Costs, and Perception

Wine, Investment Costs, and Perception

I am certainly no wine connoisseur, but I like to think I know my way around reds enough to be dangerous.  Recently, my wife and I took some time off with friends and ventured to Napa Valley, home to one of the world’s best grape growing and wine producing regions....