May 2, 2024 — By Jeffrey M. Rosenbluth and James White [note] This not is not an offer or solicitation to invest. Past returns are not indicative of future performance.[/note] 1.  Introduction The Review of Economics and Statistics published a pair of companion papers in 1969. "Lifetime Portfolio Selection by Dynamic Stochastic Programming", by Paul Samuelson and "Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case", by Robert Merton. Both deal with the question of how to allocate one's portfolio

February 27, 2024 — By Victor Haghani and James White [note] Thank you to Larry Hilibrand, Charles Wright, Dave Blob and Jon Seed for their helpful comments, and to Wes Gray and Larry Lempert for discussing specifics of their ETF with us. The opinions expressed in the article are not necessarily shared by those who gave us help. Nothing in this note should be taken as tax advice, or investment advice, or an offer or solicitation to invest. Past

February 16, 2024 — By Victor Haghani and James White [note]This not is not an offer or solicitation to invest, nor should this be construed in any way as tax advice. Past returns are not indicative of future performance.[/note] There are a number of ways an investment can go south, but getting the size of a trade wrong can convert even a good trade into a bad bet. That's the subject of our new article, "The Big Investment Mistake,"

December 1, 2023 — By Victor Haghani, Vladimir Ragulin and James White [note] This not is not an offer or solicitation to invest. Past returns are not indicative of future performance. We thank John Campbell, Jeffrey Rosenbluth and Mark Grinblatt for their help and encouragement. All errors are our own.[/note] In Lake Wobegon, all the women are strong, all the men are good-looking, and all the children are above average.  - Garrison Keillor In 1991, William Sharpe made perhaps