Many are still talking about the Op-Ed piece by Greg Smith. We especially love this write up from John Cassidy, as he reminds Goldman to do what we’ve been saying for years:

One popular theory, which I heard the Times columnist Joe Nocera expounding on the radio yesterday, is that it all goes back to 1999, when the firm issued stock to the public. As an old-school Wall Street partnership, this story goes, Goldman valued its reputation too highly to get involved in some of the shenanigans that it has gotten mixed up in recently, and it could also afford to take the long view. Once it became a public company, however, it came under pressure to raise its earnings every quarter. And this encouraged it to put short-term profits before anything else, including the best interests of its clients.

Read more here.

Jared Kizer is known as a thought leader in the evidence-based investment community for his technical prowess, but in his recent blog post on “Multifactor World” he reveals his thoughts on more personal matters. Read his thoughtful reflection here.

Think of all the wealth that would be created if CNBC touted what the academic evidence tells us.

When a recent clip from CNBC endorsed actively managed mutual funds, Carl Richards checked the data. He points out that it makes the opposite case. Click the link for the full post on NYT Bucks Blog.