Archive: December 2008

When we start discussing our heavy usage of weighted averages with customers, we sometimes get a questioning look, until we make the analysis more concrete for them. People are very familiar with using averages; equity analysts regularly look at numbers...

There is an interesting Forbes article by John Bogle in the November 17 issue. To summarize, Bogle determined that in a recent year, the “financial services” industry effectively took $620 billion off the top for a 7% fee on $9.5...