Posted by jacqueline.bell on 02/13/2012
There has been a lot of buzz in the financial press in the last week about Facebook’s initial public offering (IPO). One of the most interesting articles appeared in the Wall Street Journal on February 4th. It compares an investment in Facebook with an 18th-century mathematical riddle called the St. Petersburg Paradox. In that riddle,…
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Posted by mark.munoz on 01/26/2012
Since the firm’s inception, we have placed considerable focus on obtaining and maintaining the accuracy and integrity of our clients’ cost basis data. As an investment advisor, we believe that preserving this data is critical to our clients, their tax professionals, and the investment management process. Recent legislation has resulted in significant changes in cost…
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Posted by jacqueline.bell on 12/09/2011
For over a decade Bill Miller, portfolio manager of the Legg Mason Capital Management Value Trust mutual fund (Value Trust) for 29 years, had been somewhat of a celebrity in investment circles. His claim to fame was that from 1991 through 2005, Value Trust outperformed the S&P 500 Index each calendar year, earning Miller accolades…
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