The number 1 rule for long-term individual investors picking funds used to be simple: look for low fees, also known as low expense ratios. Investors do get rewards from low fees; but they should also watch out for higher, hidden fees in the same funds, as well as strategies that lure investors into higher-priced products or into paying more for advice. Instead of asking about low fees alone, ask what you are paying over 10 years, including all fees. "What is the cost, all in, for 10 years?" said Eric Johnson, Director of the Center for Decision Sciences.
New Columbia Business School study finds that 26 percent of perpetrators of financial reporting misconduct – largely CEOs and CFOs – experience an overall gain.
Attendees of the Columbia Business School Pan Euro Forum, held in Paris in October 2018, talk about their biggest takeaways – and why their school is the crème de la crème.