My wife recently commented to me about the Charles Schwab ad campaign. You know, those ads with the “Talk to Chuck” slogan. They encourage you to “take control of your destiny,” and “make your own decisions.”

They are well done. They leave you with a feeling of inspired empowerment. The feeling is a fallacy, but the ads generate it nonetheless – so hat is off to whatever advertisement firm came up with those.

Throwing darts at stocks in a ...

Here is Bob Doll, who apparently knows NOTHING about how investment markets operate.

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This is disturbing stuff. He points out that active managers, collectively, have historically done a bad job of beating the market indexes…..but he thinks this will change in 2014.

He doesn’t realize that it is simply a mathematical inevitability that they lose to the indexes. These managers all buy and sell from ...