Active portfolio management is dead, killed by the superior performance of cheaper stock index funds. Or is it? In Return if the Active Manager, C. Thomas Howard and Jason Apollo Voss make the case that active management may actually be on the verge of a major comeback. As recently as 2009, active mutual funds enjoyed...Read More

It’s morally wrong to enjoy the benefits of something while leaving others to accept all the risks. This is the central theme of Nassim Nicholas Taleb’s latest work, Skin in the Game: Hidden Asymmetries in Daily Life, a book that should be required reading for anyone in public office or in any position of authority or...Read More

I stumbled across a really good quote from Dr. Daniel Crosby’s The Laws of Wealth that I may have printed and laminated into a wall-sized poster: … on Wall Street, doing what is “right” can lead to a negative short-term result and doing what is “wrong” can be spectacularly profitable in the short run. Consider...Read More

We all know that higher returns come at the cost of higher risk. This is one of the basic fundamentals of investing. But what if it isn’t true? In High Returns from Low Risk: A Remarkable Stock Market Paradox, Pim van Vliet and Jan de Koning challenge this assumption and find that, in fact, high-risk...Read More

I recently had the opportunity to pick up a copy of Lee Lowell’s 2009 book Get Rich With Options: Four Winning Strategies Straight from the Exchange Floor. Lee wrote an excellent primer on options trading, but the publisher probably should have put a little more thought into the title. Get Rich With Options has very...Read More