The good tidings of the holidays and beginning of the 2019 new year bring with it fervent hopes for things to improve, get better and this: for switches in trustees and new board of directors appointments. Let me make this very important point right here: these all entail a personal and ultimately unavoidable fiduciary duty, […]
It’s Oscar night and Three Billboards Outside Ebbing, Missouri is one of the favorites of nine films nominated for Best Picture. Three Billboards grossed about $123 Million, not too many folks including perhaps some Academy members have even seen the film which pundits say helps explain the complacency and continued drop in Oscar ratings due […]
We wrote ten years ago in 2004 about hedge funds, including suggestions and questions to improve prudence. Recently, CalPERS seems to have determined for itself the costs, risks and returns were not worth it. They have simply announced they will get out of all $4 Billion invested in hedge funds. 2016 Update: New Jersey State […]
How can you tell? They don’t or won’t talk about much less recommend low-cost passive index funds. And they don’t or won’t talk about or own up to fiduciary responsibility verbally or in writing. They may use esoteric terms (words to impress you, which they often fail to connect to your suitability and or implement) […]
Acting as a trustee? Better go to acting classes… A recent consultation involving asset protection trust strategies redounded to a very basic observation applicable to nearly all trustees. As I said on the conference call to the new lay (non – professional) trustee “when you walk out of your legal adviser’s office, the half-life of […]