Review: “The Index Revolution [by Charlie Ellis] belongs on the reading list of anyone grappling with the choice between active management and passive investing.”  (Enterprising Investor

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Quote of the Day

"That’s a major difference between bull and bear markets — the quality of those that can easily get unsecured loans."

(David Merkel)

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Home prices are still well below their inflation-adjusted peak in 2006.

(wsj.com)

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