The Wrong Way To Evaluate Performance

The Wrong Way To Evaluate Performance

The CFA Institute posted a blog by Issac Presley about The Harvard Crimson, Harvard University’s student newspaper, which ran an editorial last month excoriating the university’s management of its endowment fund.  To quote from the Crimson:  “Harvard Management Company announced a $2 billion loss for fiscal year 2016. Let’s not mince words: this is unacceptable.” …
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ETNs Are Not Just Like ETFs

Mutual funds have been around since the 1920s, although their popularity really began to soar starting in the 1960s.  By now most everyone I meet has a basic familiarity with these extremely useful investment vehicles.  Then came the Exchange Traded Fund (ETF), a variation of a mutual fund pioneered in the U.S. by the S&P…
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How Much House Can You Really Afford?

If you are in the market for a new home, especially your first one, you will be faced with a plethora of choices and decisions to make.  Location, size, style; there are so many variables that you may find the process overwhelming.  But the first decision you will face is how much house you can…
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