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Morningstar recently released the latest edition of their Mind the Gap research. Once again, “allocation” funds (e.g., balanced funds, target-date funds, LifeStrategy funds) had the smallest gap (i.e., best investor returns relative to reported performance figures). Investors tend to just buy them and leave them alone, which is generally the best strategy. And again “sector” […]
In finance, the risk from owning stocks is divided into two categories: Diversifiable risk is the risk of a specific stock earning poor returns. Undiversifiable risk (also known as systematic risk) is the risk that the stock market as a whole earns poor returns. The reason for the name “diversifiable risk” is that, if you […]
In 2017, a paper by Hendrik Bessembinder produced what, to me, was (and still is) the most surprising investing factoid I’d ever read: the best-performing 4% percent of stocks explain the entire equity risk premium since 1926, as other stocks collectively earned no more than Treasury bills. And more than half of stocks delivered negative […]
Protecting user privacy is a core element of Mozilla’s vision for the web and the internet at large. In pursuit of this vision, we’re pleased to announce new partnerships with Fastly and Divvi Up to deploy privacy-preserving technology in Firefox. Mozilla builds a number of tools that help people defend their privacy online, but the […]