Josh Brown doesn't understand why people invest in Hedge Funds.

And neither do I.   Here's Josh's rant - in his classic style he doesn't hold back.  

But I fully agree with him, and I even spent time this summer trying to prevent the State of NC from increasing its allocation to Hedge Funds in the State Pension Fund.   I testified in front of the House Finance Committee and also met with the Democractic Caucus and Phil Berger (the Senate Leader), but alas to no avail.  Ultimately the bill was signed in to law by Governor McCrory.   Wall Street Investment managers will be $200 Million per YEAR better off from this bill.

Andy Silton on Money Management Fees.

Great article in the Sunday paper.  

As an exercise - take the dollar amount of your 401-K and managed retirement assets and try to figure out what fees you are paying.  If, and that's a big if, you can figure this out, think about whether you are getting value for your money.

If you think you are then you are either drinking the Wall Street kool aid, or you are indexing.

Why the CEO matters - Microsoft sheds the Ballmer discount.

Here's a clear indication of how a CEO can make a difference -- by quitting.  

Last Friday, Steve Ballmer, CEO of MSFT, announced that he would retire.   The market's reaction was pretty unequivocal.