Click on the link to see the sketch and the overwhelming number of studies supporting our approach.

One popular theory, which I heard the Times columnist Joe Nocera expounding on the radio yesterday, is that it all goes back to 1999, when the firm issued stock to the public. As an old-school Wall Street partnership, this story goes, Goldman valued its reputation too highly to get involved in some of the shenanigans that it has gotten mixed up in recently, and it could also afford to take the long view. Once it became a public company, however, it came under pressure to raise its earnings every quarter. And this encouraged it to put short-term profits before anything else, including the best interests of its clients.

Read more http://www.newyorker.com/online/blogs/johncassidy#ixzz1pJDmiijy

When a recent clip from CNBC endorsed actively managed mutual funds, Carl Richards checked the data. He points out that it makes the opposite case. Click the link for the full post on NYT Bucks Blog.

Picture by Eric Thayer for the New York Times

We often share stories and sketches from our friend, Carl Richards (NYT author and artist whose first book is due out in January ’12), and one of his best articles yet, How a Financial Pro Lost His House, was just published in the New York Times. Click Here to read his personal story.