By the time I awoke in Pennsylvania on Monday, January 4, the first day of 2016 trading, Chinese stocks had tumbled by about 7%. When the U.S. stock market opened a few hours later, prices plunged before recovering to register … Read more
Recent blog posts by Andy Clarke
A few years ago, while buying wine for a friend’s party, I found a reasonably priced cabernet sauvignon produced by Bogle Vineyards. I work at Vanguard. How could I resist? A clerk assessed my selection and, I kid you not, … Read more
In 2011, when Standard & Poor’s downgraded the U.S. credit rating, did you break out in a cold sweat? And when Greek voters rejected the terms of a European Union bailout, did you find yourself breathing into a paper bag … Read more
A few weeks ago, I reviewed preliminary reports on first-quarter growth in the U.S. economy. The news was grim: annualized shrinkage of 0.7%. “The economy has now contracted in three separate quarters since the recession ended in mid-2009,” The Wall … Read more
The United States tries to help people save for retirement. We have tax incentives. We have private-sector innovations such as workplace retirement plans that automatically enroll us and increase our savings rates over time.
Even so, we’re probably not saving … Read more
Tomorrow is March 14, or Pi Day (3.14), as it’s known in the Internet’s more mathematical precincts.
Pi allows us to design aircraft engines, pass a geometry midterm, and enjoy Thanksgiving dinner. It can also teach us something about investing.… Read more
“Lord Grantham didn’t understand the value of diversification.”
“Lady Mary is more prudent.”
Lord Grantham? Lady Mary? Had I wandered into the wrong century? No, Vanguard’s social media team was simply discussing the fifth season of Downton Abbey, a … Read more