Should equity investors be alarmed by the prospect of greater government intervention in the US economy? Weston Wellington of Dimensional Fund Advisors looks at examples of US intervention in the past and examines the record of stock returns around the world over the last thirty-nine years. The evidence suggests that government intervention is just one factor among many affecting stock returns, and that an above-average degree of intervention is not necessarily associated with below-average returns.

Brian Haywood, from our strategic partner, explains some of the key differences between municipal bonds and corporate bonds.

One of our favorite books, which we give out through this web site, is highlighted in the NY Times. Click here for the full review. The author’s name is Bill Schultheis, and he recently released an updated edition of the book that first made him popular, entitled The Coffeehouse Investor. We are particularly fond of the book’s subtitle—“How to Build Wealth, Ignore Wall Street, and Get On With Your Life.”