Michael Burry, investor and mortgage crash money maker*, caused a stir in September when he called index funds a bubble, akin to subprime mortgages. Some High Priests of finance and fans of passive approaches lashed out on social media. Indexing is popula ...
In the misty land of adjusted and "community adjusted EBITDA" (thanks to The We Company for backing out the “building- and community-level operating expenses,”) we are reminded that to embellish is natural. We sometimes hide our worst selves and fill our ...
Last year I posted a question on Quora asking what healthcare benefits and cost sharing were like at Google. A few answers of the "it's private" or "No, I can't say" variety soon surfaced. They have sense been oddly scrubbed from the site. Why the secrec ...
It's the time of year for leaves, baseball, and 30-page open enrollment guides*. If you're a prospective employee, "we offer benefits" doesn't have the precision on the scale of value as does a first class flights to Europe. "We offer a free first class ...
Charles Schwab is an investment hero of mine. In 1975, when commissions were deregulated, he pounced at the opportunity to launch a discount brokerage. Discounts are now no longer enough. The line in the chart below extends to zero. This week Schwab annou ...
