I had the honor to speak at Georgetown recently to a class of finance students. You can watch the highlights in this video . . . A key point of my presentation is that stock price returns are basically a crap shoot. I warn students against the myth that stocks go up 8-10% per year. The odds of that happening are actually quite low in any given year. No one should base their financial plan on that assumption (hope, actually). There are ways, however, that students can tilt the

"The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislatures." - Warren Buffett Fortune Magazine, 1977* Fool's Gold? Gold has confounded investors this year. Though widely considered an inflation hedge, gold is down ~7% since January when inflation began heating up. How can this be? Does it mean that gold isn’t really an inflation hedge? The answer is that it depends. Look Who’s Buying Individu