In replying to Charles Schumer he talked about the difficulty in knowing whether asset prices are valued correctly or not. Ok but that completely voids his recent comments where he sees no "misalignments." Good gravy this strikes me as a rather poor...

Ben Bernanke's comments about AIG not only sounded awful but it seemed like even he didn't believe them. This should remind us of the great philosopher from the late 20th century, George Louis Constanza who said "it is not a lie if you believe...

Yesterday I participated in the virtual ETFInsights conference put on by InvestmentNews. My co-panelists were Gus Sauter from Vanguard, Sam Stovall from S&P and Rudy Aguilera from Helios. Needless to say there are some big names there and I made four....

As mentioned the other day the first of the China sector ETFs are up and running. GlobalX launched an industrial sector fund with ticker CHII and a consumer fund with ticker CHIQ. The original filing also included funds for financials, energy,...

The Boston Globe (with a hat tip to Barry Ritholtz) ran an article looking at how Harvard managed it cash over the course of the last couple of decades. This cash is for short term needs not the endowment fund. For years the short term cash was...