Archive for May 7th, 2010

• Yes, big business was once more honest than it is today
• POSTED 05.7.10

My father was a CEO, of the ’50s and ’60s generation. He lived, in his later years, in a state of shock at the grabbing greed of his corporate successors. Plenty of self-enriching louts rose to the top in his day. But instead of being admired in the executive suite, their behavior was generally deplored.
It [...]

• Morningstar star rankings fail mutual fund investors
• POSTED 05.7.10

Mutual fund investors adore Morningstar. The Chicago firm publishes rankings for most of the funds that have lasted for three years or more. It awards anywhere from five stars (top rung) to one star (the cellar), based on past performance, minus sales loads and adjusted for risk.
Money pours into the four- and five-star funds. They’re [...]