There's nothing like a little market volatility to stoke the fires of the old active vs. passive debate.

Examining real alpha and exotic beta

Looking for prescient stock and style selection

One of the great unexplained curiosities of the mutual fund industry is its unwillingness to call attention to the vital role of investment income in shaping the returns on equities. 

 Are S&P 500 funds a financial commodity?

The fundamental impulse that sets and keeps the capitalist engine in motion

As the chair of the S&P Index Committee, I hear a lot of discussion as to why it is difficult for active managers to outperform the S&P 500.

Learning to deal with contradiction