The trend towards passive investments continues to gain steam as more investors are opting for lower cost fund options. See this chart from Morningstar via Victor Reklaitis of MarketWatch:

“Risk, then, comes in two flavors: “shallow risk,” a loss of real capital that recovers relatively quickly, say within several years; and “deep risk,” a permanent loss of real capital.” – William Bernstein It’s been a long time since the S&P 500 has experienced a double-digit loss. The last one ended in October of 2011,…

“If you can get good at destroying your own wrong ideas, that is a great gift.” – Charlie Munger Warren Buffett famously ran a partnership for a small group of investors before turning Berkshire Hathaway into his investment vehicle of choice. He produced extraordinary results for himself and his investors. Many don’t realize this but…