Sentimental Fools: Pity the Poor Mutual Fund Investor
Mutual fund investors exhibit remarkable skill when selecting mutual funds--remarkably awful, that is. How an advisor can help underperforming fund investors avoid sentimental pitfalls.
BlackRock, Harvard: Retirees Don’t Know What They Want, but It Might Be Annuities
“You don’t get a radically different answer when you change the wording of a question about whether you want chocolate or vanilla ice cream, but with annuities you do,” says Harvard professor David Laibson.
Kenneth Rogoff Asks: Is Modern Capitalism Sustainable?
Despite its flaws, the best economic system for now—in the face of no other viable alternatives—is 'today’s dominant Anglo-American paradigm,' says Harvard University economics professor Kenneth Rogoff in a column that went viral.