The Emperor’s New Mutual Funds
The Wall Street Journal – July 8, 2003 Congress is now considering legislation that would strengthen the independence of mutual-fund boards of directors from fund managers and require cost disclosures…
Mutual Fund Secrecy
The New York Times – December 14, 2002 When I founded what is now the country’s second-largest mutual fund organization 27 years ago, I did my best to create a…
Remaking the Market: Reality Bites
The Wall Street Journal – November 21, 2002 Considerable attention has been focused on the role of Wall Street’s “sell-side” analysts in generating so much of the hot air that…
How Mutual Funds Lost Their Way
The Wall Street Journal – June 20, 2000 In the past 50 years, mutual funds have gone from a $2.5 billion also-ran in the financial-services industry to a $7 trillion…
The Wall Street Casino
The New York Times – August 23, 1999 Feverish transaction activity in the stock market has become one of the hallmarks of our great bull market. So far, on every…