Articles

Probably the most important question you can ask of anyone offering you financial advice is, “Do you have a legal obligation to act in my best interests?”

There are many things riskier than volatility.

Reunification of the country has put a drag on economic growth.

The value of salt in ancient time was enormous.

Hayek wrote, “More harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.”

Italy reminds us that governmental solutions can be worse than private sector problems.

Hard work can’t always overcome Italian bureaucracy.

During 2002-2004, iShares of the ten economically freest countries outperformed the index by 5.43% each year.

You can smooth your returns without any of hedge fund’s drawbacks.

Wanting to avoid regulations, Hedge funds appeal to investor’s snobbery to make it seem like a privilege.

You take all the risk, but the manager gets twenty percent of any winnings. This is not a good compensation scheme.

Hedge claims are equivalent to “All of the coins I want to tell you about came up heads.”

As Hedge funds grow in popularity, beware of following the lemmings.

Good portfolios have low expense ratios and minimal trading costs.

Currently, stockbrokers can offer the same services as Fee-Only financial planners without being accountable to the same fiduciary standards. This exemption to the Investment Advisers Act of 1940 has been called the “Merrill Lynch rule.”