Image credit: Pieter Bruegel the Elder, “The Blind Leading the Blind” (1564), Museo di Capodimonte, Naples, via Wikimedia Commons By Jason Zweig | June 6, 2014 1:06 p.m. ET You probably aren’t going to drive by a billboard advertising a hedge fund anytime soon, or get pitched private-equity funds by email, but that doesn’t mean...
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By Jason Zweig | 6:27 pm ET June 6, 2014Image Credit: Christophe Vorlet Fund managers helped cause the last financial crisis—and they will contribute to the next one unless they and their clients stop obsessing over short-term performance. So says James Anderson, head of global equities at Baillie Gifford, an asset-management firm based in Edinburgh,...
Read MoreBy Jason Zweig | 6:41 pm ET May 30, 2014Image Credit: Christophe Vorlet There’s no such thing as a free lunch, but there is an inexhaustible supply of investors who will trip all over themselves in pursuit of it. Consider portfolios of dividend-paying U.S. stocks, which sparkled in 2010 and 2011. Mutual funds of that type returned 18.1% cumulatively,...
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