Bill Gross rocked the mutual fund industry in late September by resigning from Pacific Investment Management Company (PIMCO), the firm he founded in 1971, to join Janus Capital. Much of the ensuing media coverage has focused on the human drama surrounding his decision, rather than the important lesson this episode provides for investors. PIMCO describes […]
Sept. 2014 – Investing and the Cult of Personality Read More »
Corporate “tax inversions” have generated a blizzard of controversy of late. But this tax-avoidance device born of the byzantine U.S. corporate tax code is not new, and, until recently has been a topic that rarely aroused excitement beyond CFOs, tax lawyers and the IRS. Suddenly, however, inversions are headline news and self-proclaimed pundits have emerged
July 2014 – Inverted Tax Logic Read More »
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