“Snow on the pines
thus breaks the power
that splits mountains.”Otaka Gengo Tadao (大高源五忠雄,one of the forty-seven Ronin).
Last month, David Snowball opined on Morningstar’s John Rekenthaler’s requiem for mutual funds. And while David agreed with Rekenthaler that the end of the fund industry was not imminent, both feel that it is inevitable. I have felt that to be the case for some time. Rather than be the Cassandra Continue reading →