August 2017

Ben Graham on Index Funds and Efficient Markets

Twenty-five years after he retired, at eighty-one years old and just six months before he passed, Ben Graham sat down for an hour with Hartman L. Butler. The whole interview is worth reading, but I pulled three sections that particularly stood out. HB: By some coincidence as you were becoming less active as a writer,…

The First 28 Days

There was a lot of attention given to the first 28 days of 2016. During that period, the S&P 500 fell 10.5%, which was the worst start to a year ever. Since that time, the S&P 500 is up 35%, the Dow is up 41%, the NASDAQ 100 is up 49%, and the Russell 2000…

A Millennial’s Rebuttal

Our intern Tommy Tranfo wrote a great piece about his generation and investing that I thought was worth sharing. In a recent Barron’s Next article, Why Won’t Millennials Embrace the Stock Market, they write, “The S&P 500 has grown over 75% in the past five years, yet, according to a new survey only 13% of millennials said…