Personal Finance Advice and Commentary

Friday, February 04, 2011 7:00 am
By Sheyna Steiner ·

To paraphrase Henry Louis Mencken, no one ever went broke underestimating the intelligence of the American people. Does that explain the overwhelming popularity of actively managed mutual funds compared to index funds? No – according to new research from Robert F. Stambaugh, a finance professor at the Wharton School of the University of Pennsylvania. Stambaugh