Mutual Fund Legend Bill Miller Steps Down
Legg Mason's Bill Miller was the mutual fund industry's rock star through the 1990s and the first few years of this millennium. Now he's unplugging his amp and walking off the stage.
beating the market
The Return of the Dreaded (and Dreadful) Stock Pickers
Market turbulence and economic uncertainty create fear and anxiety among investors. Unfortunately, many turn to advice freely dispensed by self-styled investment gurus -- who claim they can predict the direction of the markets or pick outperforming stocks.
How the Media and Wall Street Create Fake Stock Gurus
The financial media loves to pluck struggling analysts from obscurity and propel them to fame on the backs of a few good calls, then shoot them full of arrows at them when their predictions start to fail. And inevitably, those so-called gurus will fail. Here's why.
Ten Wall Street Sales Pitches Investors Should Run Away From
The financial crisis exposed an industry that couldn't manage its own portfolios, much less provide worthwhile advice to clients. Yet 85% of investors continue to invest with brokers. Here are 10 reasons why that's a mistake.