Articles under “David Swensen”

Where’s The Revolt Against Mutual Fund Fees?

Last week came news that big banks were backing off debit card fees. ABC News highlighted the role that Molly Katchpole, a young woman from Washington, D.C., played in launching an online petition against the fees.

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Why Disclosures Don’t Work

Last month, in a provocative op-ed in The New York Times, David Swensen, Yale University’s chief investment officer, lashed out at mutual funds. He said, in short, that mutual funds invest poorly and have fees that investors don’t understand, and that some of the brokers and advisors who sell mutual funds use “pointless buying and

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How To Tell If Your Advisor Eats His Own Cooking And What John Bogle Has To Say About It

A recent study by research firm Morningstar Inc. found that just 40% of mutual fund managers were doing with their own money what they want you to do with yours: invest in their funds.

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Friday Reads: Yale’s David Swensen Says Mutual Funds Are For Fish, And Stirs The Waters

Last Sunday, David Swensen wrote an op-ed piece in The New York Times titled, mildly, “The Mutual Fund Merry-Go-Round.” Mr. Swensen pointed out, as he often does, that investors tend to buy and sell at the worst times (we’re witnessing that during these days of turmoil in the market, as investors bail out at a

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