... skepticism about past returns is crucial. The truth is, much as you may wish you could know which funds will be hot, you can't - and neither can ….

So Merrill Lynch has launched its first campaign in years to advertise the accomplishments of its investment banking business. The ads feature things….

The last and most painful irony is that the two longtime rival armies in the securitization market - the investment banks and the GSEs - would end up….

Building a portfolio around index funds isn’t really settling for the average. It’s just refusing to believe in magic..

Home ownership was the fig leaf for the rise in subprime lending. But that was really about cash-out refinancings, not buying homes..

I think synergies are a lot like UFOs: Lots of people claim to have seen them, but few can actually prove they exist..

No city embraced privatization more eagerly than Chicago, where I live..