Wednesday, November 07, 2012

Reality is challenging 

Powerline's Scott Johnson:

Yet our will to believe was strong. It was so strong that we passed on much of the bologna emanating from the Romney campaign and from conservative commentators and analysts who had what was at least a superficially reasonable case to make. Both the the political establishment and the punditry (ourselves included) should be doing some serious soul searching today. I certainly am. I want to rededicate myself to the reality principle and confront the challenge before us with open eyes.

Sunday, November 04, 2012

[Mutual fund giant Vanguard Group], whose investment research is closely followed by financial advisers, recently published a paper showing that dollar-cost averaging ends up hurting more investors than it helps. The study appears to have hit a nerve, fast becoming Vanguard’s best-read research item in recent memory, according to the company.