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
If you first learned how to think about saving and investing as I did, from a passbook savings account, bond funds can seem like a world turned upside down. I was reminded of this a few days ago when an … Read more
If you’re looking for insight on investments and personal finance, you could do a lot worse than asking a long-distance runner.
Vanguard is a second career for me. After college, I had the great fortune to compete as a professional … Read more
I recently traveled to Vanguard’s international offices, and no matter where I found myself on the globe, the topic of market and economic uncertainty was a constant theme.
For example, China’s transition from an investment-driven economy to a consumer-based model … Read more
On a recent trip to my parents’ house, I sifted through crates of childhood junk that my mother had cleared from the attic. One item in particular caught my eye—an “official program” from a New York Mets game in 1980.… Read more
I participated in a live webcast recently on the topic of earning income in a low-yield environment. Here’s a recap of a few of the themes from that session.
One of the persistent questions from the seminar was how long … Read more
I would call myself a “pack rat,” except the comparison might offend pack rats. For the most part, it’s not a good thing to have such a messy office. But on occasion I unearth something interesting. Like this screenshot of … Read more
Records are made to be broken, or so goes an old saying.
One record that I hope stands forever was set 25 years ago. The U.S. stock market dropped almost 23% in a single day—October 19, 1987.
The Dow Jones … Read more