5 Best Bits of Advice for College Grads: 2013
Dear graduating class of 2013: Do what you know, don’t do what you love, and stop comparing yourself to other people.
Reinhart, Rogoff to Krugman: Stop Scapegoating Us
Carmen Reinhart and Ken Rogoff sent Paul Krugman a letter over the weekend decrying what they called his “spectacularly uncivil behavior.”
Is College Worth It?
Former Education Secretary William Bennett's new book questioning the value of college is flying off the shelves, while researchers jokingly predict universities will soon offer a master’s in janitorial studies.
8 Really Bad Investments That Lost a Bundle
Even the big boys, like Warren Buffett, can lose big bucks on a bad bet.
Your Move, Bogleheads: Advisor Finds DFA’s Returns Trump Vanguard’s
Advisor Jeff Troutner of Equius Partners says a broader look at the numbers is less favorable to Vanguard than unsuspecting advisors might think—but Vanguard answers back to AdvisorOne.
Alicia Munnell: Ban Actively Managed Funds From 401(k)s, IRAs
Why is it that every current wirehouse advisor says they’re completely open-architecture, while every former wirehouse advisor says they faced pressure to sell proprietary products?
NY Times: Down With Shareholder Democracy
Recent controversies involving Herbalife and Apple could be related to abuses aided by the shareholder democracy movement, according to The New York Times.
Social Security’s Old Forecasting Method Hides New Time Bomb, Researchers Say
Two researchers argue that the Social Security Administration is using outdated methods to project longevity and therefore understates the system’s shortfall by two years.
Krugman for Treasury Secretary? Draft Movement Under Way
In news destined to make conservatives revolt (or retch), a movement has been started to draft Paul Krugman for Treasury secretary.
UBS to Pay $1 Billion for Libor Manipulation
UBS will pay $1 billion to settle allegations that it manipulated Libor, according to the Financial Times and other publications. The news about UBS’ settlement will likely be made public on Monday.