ken man

The Key to Nasdaq's Success and Growth: Volume, Volume, and Volume

What about the possibility that competition will erode their pricing and share in the US? Dont you expect some competitive reaction from NYSE

On Poker and Investing: Let Your Winners Run, Cut Your Losses Quickly

hows your strategy working for you now?

WisdomTree ETFs: Too Complex, Too Expensive?

Enhanced Index Funds and ETFs represent and excellent way to invest for long-term investors. The problem for most investors is the complexity that comes from more and more new ETFs being launched. I think there may be over 600 ETFs globally that have been launched with more on the way.

Most individual investors have a tough time dealing with all this complexity. With ETF's trading intraday - most investors will fall into the trap of becoming over active. The same reason that most mututal fund investors do well. Once hughe advantage of the Dimensional Fund Advisors (or DFA) approach to investing is that there is a built in mechanism for indiviuals to have advisors help them stick with their investments and make better allocation decisions (for more on the logic of enhanced indexing and on DFA approach see for example www.indexvalue.com)

Given human nature, the majority of investors would be better of outsourcing their investments to an advisor or third party who can do the allocation of investments and use both Dimensional and WisdomTree and even some of the other good low cost ETF families out there.

Enhanced Indexing and Index Fund Investing (including many ETFs like WisdomTree) makes a lot of sense but it needs to be implemented correctly or it will be all for naught.

www.indexvalue.com

On Poker and Investing: Let Your Winners Run, Cut Your Losses Quickly

You have the confidence of someone who is young and has not gone through a cycle. You concentration will probably mean that you blow up at some point - you are quite subject to the Black Swan Effect - a book you should probably read before you end up losing all your money (and then some)