Have you ever seen Old Faithful, the famous geyser in Yellowstone National Park? I saw it with my family when I was in college. We took a family ski trip to Montana and after a few days on the slopes, several of us piled into a car and headed to Yellowstone. Just outside the park…
Passive or active? That is the question investors often ask. What they mean is, should I invest in a fund that is “actively” managed or should I invest in a “passive” fund that simply mirrors a market index? There are good arguments for both approaches, but more importantly, is that even the right question? The…
I don’t know if this is true in your house, but in mine, few things are quite as dangerous as eating the last cookie. Not only will the guilty party be scolded over his/her offense, but he/she also will be accused of eating “all of the cookies.” This is especially true this time of the…
We were in an outdoor café in downtown Warsaw. Invesco had entered into a joint venture with a French insurance company and the Polish Post Office as one of a small handful of western asset managers partnering with what seemed like unlikely local firms to give Polish citizens options for managing their government retirement benefits,…
Capitalism isn’t perfect—but it’s better than the alternatives. Critics blame the free market for today’s problems, yet most issues stem from overregulation, not capitalism. Freedom works, even if it’s messy. As Churchill said of democracy, capitalism is the worst system—except for all the others.
