Fiduciary Magazine

Archive for the ‘Breaking News’ Category

I’ve seen tons of things on red wine and resveratrol. The Science Times of the NYT just ran an article on alcohol and health.

“The moderate drinkers tend to do everything right — they exercise, they don’t smoke, they eat right and they drink moderately,” said Kaye Middleton Fillmore, a retired sociologist from the University of California, San Francisco, who has criticized the research. “It’s very hard to disentangle all of that, and that’s a real problem.”

This article points out something that happens in investment research all the time: causation or causality. Warren Buffett is rich because he is lucky, not necessarily smart. Popular wisdom concludes that “because he is enormously wealthy, it must be b/c he’s made prescient investment decisions.”

As the song goes, “It Ain’t necessarily So…”

Moderate drinkers might live longer b/c they spend xyz amount of time doing light aerobic activity for example and they “happen to drink in moderation.”

Ivan “Pudge” Rodriguez has broken the all-time career record for games caught as a catcher with his 2,227th game. It was previously held by Carlton Fisk.

Sen. Jack Reed (D-R.I.), who heads the Subcommittee on Securities, Insurance and Investment, offered the legislation a day before President Barack Obama unveils his wide-ranging reform of the U.S. financial regulatory system.

Morgan Stanley to offer a trust service called Morgan Stanley Trust National Association that is “a belt-and-suspenders approach” to keeping client assets safe.

Clients have to pay extra. Does anyone know what the terms are? Are the assets commingled? Do you own units of the Trust?

The actor is taking as much as a year off to spend time with his family. In May, Penn filed for a request to dismiss his legal separation case from wife Robin Wright Penn. It is the second time he has rescinded divorce proceedings.

Click here for the full article.

Crude Oil futures for July delivery are flat even on the heels of the unrest in Iran.

Still, some where left in the dark. Whisky Tango Foxtrot? Where have they been the last 6 months…