Hedge Funds Lose Again 

Hamilton Nolan · 08/03/16 03:38PM

The realization that the retirement money of middle-class workers should not be invested in crazy expensive hedge funds is now hardening into conventional wisdom.

Workers Before Investors

Hamilton Nolan · 07/01/16 11:05AM

Management experts speak of every company as having “stakeholders”—all of the different people affected by what a company does. If you can rearrange the hierarchy of stakeholders, you can change the world.

Lobbying Is a Good Investment

Hamilton Nolan · 06/13/16 09:58AM

In our American oligarchy, political influence is, broadly speaking, for sale. A new study confirms a straightforward relationship between corporate lobbying and higher profits.

Hamilton Nolan · 06/08/16 10:38AM

A recent survey of investors in hedge funds found that 94% of them expected their hedge funds to return at least 9% profits last year. The actual returns of hedge funds last year: -2%.

Warren Buffett Is the Best Argument for Capitalism. Is It Good Enough? 

Hamilton Nolan · 05/05/16 10:55AM

As the “Empire State of Mind” beat filled the packed CenturyLink Arena in Omaha, the chorus slid in: “At Berkshire, financial strength is what dreams are made of, there’s nothing you can’t dooooo….” The white, middle-aged crowd of investors jammed. Is this is the humble setting from which champions arise?

Retirees Are Handing Wall Street Billions For No Good Reason

Hamilton Nolan · 03/28/16 10:52AM

Perhaps the best reason to worry about Wall Street money managers ripping off investors is that most of those investors are regular people—via retirement plans. The extent of the Wall Street skim is truly shocking.

Hedge Funds Have Sucked For a Decade

Hamilton Nolan · 02/22/16 06:02PM

Each and every hedge fund investor in the world believes that he is paying all that money to a hedge fund manager because he has one of the really good hedge funds. The reality is, most hedge fund investors are suckers.