I gave my thoughts to CNBC’s Martin Soong on Microsoft’s (MSFT) $26 billion takeover of LinkedIn (LNKD). While I am a long-time Microsoft bull, the company has a terrible track record on acquisitions, including the $7 billion purchase of Nokia in 2013 (which was effectively written down to zero), the $6 billion purchase of online...Read More

Photo credit: Sean Davis Hedge funds don’t get a lot of love these days. They’ve underperformed for years, and their fees — the standard is 2% of assets and 20% of profits — make them pariahs in the age of indexing and low-cost robo advisors. Hey, I get it. The high fees and lousy performance...Read More