Dr. Kent Smetters: The 2012 IA 25 Extended Profile
A good argument could be made for excluding Wharton professor Kent Smetters from the IA 25.
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.
Mohamed El-Erian: The 2012 IA 25 Extended Profile
Within the first minute of meeting Mohamed El-Erian, you understand why his company, PIMCO, and the man, is so successful.
The 2012 IA 25
Some people ride a wave and some people, like the honorees of the 10th annual IA 25, create a wave.
Most Advisors Caught Failing Clients in Research ‘Sting’
Results of findings by National Bureau of Economic Research, which had undercover actors portraying clients, showed Boston-area advisors putting their own interests first.
Financial Literacy Low Among Vulnerable Populations: NBER
While the last few decades have made new products more accessible to “small investors,” this puts undue pressure on investors who are “financially unsophisticated” and may have difficulty understand complex products, according to a working paper from the National Bureau of Economic Research.
The U.S. economy is a highly-complex, multifaceted mechanism.
Finding Value in a Loser’s Game
As John Kenneth Galbraith famously pointed out, we have two classes of forecasters: those who don’t know and those who don’t know they don’t know.
Why Wall Street’s Selloffs Have Been, and Will Continue to Be, Brutal: News Analysis
The stock market is like a theater where traders, portfolio managers and individual investors act out the sentiments felt in the broader economy.
San Fran Fed: Boomers’ Exit From Stocks Bodes Ill for Market
The Federal Reserve Bank of San Francisco warns that the aging of the baby boom generation will likely create a slowdown in the stock market as boomers retire and shift from buying stocks to selling them.