Any advisor who doesn't understand that managers profit when investors use their products should find another profession.
Guessing the future can produce above-average returns, but prudent investors plan for being wrong as well as for being right.
The SEC chair's suggestions would foster strategies designed to attract clients rather than improving performance.
The potential of digital currencies is far greater than any one company today, but the risk is far higher.
Plans are flush again after a big rally in stocks, making it likely that long overdue reforms will be put off yet again.
The SEC chair is taking aim at market makers like Citadel and Virtu, not Robinhood and other brokers.
When it comes to ETFs, it's hard to save the world by being cheap and average.
A new paper from Nobel laureate George Akerlof--the husband of Treasury Secretary Janet Yellen--provides a powerful clue.
The inherent extra return participants enjoyed for many years has almost disappeared.
More than half the racial gap in individual stock ownership has disappeared essentially overnight.