Millions of investors put money for retirement into mutual funds selected on the basis of “SEC total returns” and the name of the fund. For example, many investors are likely to chose “XYZ Long-Term Nest Egg Fund” with SEC 10-year total returns of 8%, over “ABC Fund” with total returns of 5% in the […]

On August 3, 2006, by a vote of 93 to 5, the US Senate passed the “Pension Protection Act of 2006″, already approved by the House of Representatives on July 28, 2006 and now going to President Bush to be signed into law. This massive bill (907 pages) is a major piece of legislation that, like […]

The grim, grey editorial pages of the Wall Street Journal have become a field of glory, with flashing knives, slings and arrows, as famous academics battle to defend the besieged Efficient Market Hypothesis and the purity of Index Funds. […]