Did Jack Bogle Have the Right Take on Smart Beta?
The term smart beta is alleged to have been invented by the consulting firm Willis Towers Watson in 2006. (Although I have no reason to doubt that claim, neither have I been able to find the original source.) The “smart” portion of the label you can understand: it’s advertising. Explaining “beta” takes a bit more work. Sixty years ago, […]
Casino Gambling is not More Lucrative Than Day…
You may have seen the chart below. It has appeared on Reddit threads, X posts, and other locations. It purports to show that casino gamblers have a better chance of turning a profit than do stock market day traders. Don’t believe your eyes. The illustration is social-media blarney. Frankenstein’s Monster The source of the graphic remains a mystery to me. Although each […]