The expansion and bull market are aging and the data no longer point in just one direction.
Hedge funds and natural resources underperformed. New investments in private equity look no better.
Ignore the hype. Actively managed money dwarfs the assets in low-cost index funds.
It's not just the quantity of money that’s the issue, it's the concentration of all that capital.
Companies will have to prove they’re committed to goals beyond maximizing shareholder value.
Presidents usually get too much blame for economic slowdowns. This time is different.
The reforms adopted after the financial crisis didn’t resolve the industry’s inherent conflicts.
Any gains are attributable to a relative handful of companies.
More of it won’t necessarily make you happier day-to-day, but it does raise life satisfaction.
The Fed developed a data set that throws wealth disparities into high relief.
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