Archive for May, 2011

Indexing Works

Indexing Works

Many investors think active managers can shift out of stocks in time to stem losses in bear markets. Not true.

By Temma Ehrenfeld May 1, 2011

Even fans of index funds often believe they do worse than funds with active managers during bear markets. The idea is that a savvy manager can shift money out of a crashing asset class in time to improve overall performance. As it turns out, “most events that result in major changes in market direction are unanticipated,” says Christopher B. Philips, CFA, a senior analyst in Vanguard’s Investment Strategy Group.

The facts,…

When Doctors Are Called to the Rescue in Midflight

When Doctors Are Called to the Rescue in Midflight

By KATIE HAFNER,   The New York Times

Dr. Matthew Rhoa is still haunted by one of his lowest moments as a physician. Several years ago, on the first leg of an international flight, he was just settling in for a nap when a flight attendant came on the public address system to ask, “Is there a doctor on the plane?”

Dr. Rhoa, who lives in San Francisco, didn’t push his call button. “As a gynecologist, I always waited for another doctor,” he said. “There’s never a need for a Pap smear…


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