Does Global Asset Allocation Work?

The practice of allocating investment dollars among different “asset classes” (e.g., small cap, large cap, international, etc.) is commonplace among financial advisors.  Asset allocation has well-established academic roots, though academics tend to define risk...

Right Problem, Wrong Solution

Every 18 months or so, Burton Malkiel writes an article on investment costs for the Wall Street Journal.  He’s done it again with May 29th’s You’re Paying Too Much for Investment Help.  You have to hand it to the guy – he really stays on point.  Actually, so much so...