Speaking from Experience: Charles Ellis
Charles Ellis is a legendary financial consultant who advises institutions and governments around the world on investing. For many years he chaired the investment committees at both Harvard Business School and Yale School of Management, and he also chaired the CFA Institute, the global association of investment professionals. Mr. Ellis was recently the featured guest on Consuelo Mack WealthTrack and following is a sampling of his words of wisdom for investors from that interview.
Tuesday, July 27th, 2010
The Fiduciary Debate, continued…
Though final approval of the financial reform bill has yet to occur, House and Senate negotiation regarding the regulation of financial advisors is complete. Unfortunately for investors, the bill fails to apply the fiduciary standard to all who offer investment advice. However, a step in the right direction is included.
Wednesday, June 30th, 2010
Taking Stock of Europe
Concerns out of Europe sent U.S. stocks in a decline Thursday reminiscent of declines during the 2008-2009 global financial crisis. The correction experienced is not necessarily a surprise, but what is surprising is the reason: Greece – specifically Greece’s questionable ability to service its debt and the implications a default might have on Greece’s neighbors in Spain, Portugal, Italy and Ireland.
