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Well, honesty never goes unpunished. Could you give me a good reason then why investors wouldn't be better off with index funds? By and large, investors would be better off with index funds. The question to me is, if you are an active manager, what makes you think you can do better than others over time? We like to think about four distinct building blocks. One is thinking about capital markets more properly. Sometimes markets are efficient and sometimes they aren't. The insight is knowing what mechanisms lead you from efficiency to inefficiency. The second is being very...
...books out of the library and doing homework. In the meantime, the study offers at least a few possible excuses for why it's taken you so long to respond to that e-mail from your mother - like "The universal mathematical model made me do it," or maybe "You wouldn't complain if I were Einstein...
...communities as the sorts of places where people want to live. That means building mass transit and urban-style city centers away from the metropolitan core. Finding new, creative uses for McMansions is a start, but the ultimate goal may be to design neighborhoods in which such large houses wouldn't make sense in the first place...
...course, any Harvard class wouldn't be complete without its Q Guide Ratings. So here are the numbers for Peggy Noonan...
...filmmaker Marina Zenovich argues that the judge and prosecutor in the case may have engaged in legal misconduct in obtaining Polanski's guilty plea. The film also contains an appeal by Geimer, the victim, for Polanski to be pardoned - leaving his European supporters perplexed as to why U.S. officials wouldn't finally close the book on him. (See the 100 best movies of all time...