Paul Volcker, the former Federal Reserve chairman, famously said in 2009 that the most important financial innovation over the past 20 years was the invention of the ATM. Perhaps if he had looked back an additional 20 years, he might … Read more
Financial advice usually doesn’t generate buzz on social media as much as, say, a grumpy cat photo or a Harlem Shake video.
But early this week, I came across a few financial words of wisdom on an index card that … Read more
I first learned about risk from the collected works of Stephen King. “Risk” hid in the closet. It lurked beneath my bed. If I pulled the covers over my head and slept with a baseball bat, I could manage it.… Read more
On July 4, 1776, the Second Continental Congress, gathered in Philadelphia, to adopt the Declaration of Independence. Two hundred years later, some 20 miles west of Independence Hall, in a nondescript office park near Washington’s Valley Forge headquarters, John C. … Read more
If there was ever a person who appreciated the intricacy of the world around us, it would have to be Leonardo da Vinci. His fascination with complex systems from human anatomy to the mechanical world led him to some fascinating … Read more
I believe that, as investors, we all deserve some applause. The past six years have been trying and volatile. In this very challenging environment, it hasn’t been easy to stick to your asset allocation or portfolio decisions. Vanguard has tried … Read more
It was only a few short months ago that we feared intransigent policymakers would cause the economy and markets to hurtle into the abyss. I always preferred the term taxmageddon over fiscal cliff because it more accurately captured the pervasive … Read more