December 07, 2014

Introduction and Background

I love mutual funds.  In fact, I love the whole concept of collective investment schemes. From the point of view of ordinary investors, I regard these as probably the single most important investment innovation in the history of capitalism. These have given the less-wealthy the power, in a way that nothing else has, to somewhat level the playing field that capitalism tends to bend in favour of the wealthy.

I have spent most of my working life using mutual funds to my advantage and to the advantage of anyone who trusted my understanding and my intentions. This is one of two blogs that I have put together in an attempt to document some of that understanding. Through these, I hope to share my observations, experiences and inferences. I hope to shed light on conceptual issues, and on best practices and questionable practices. Over time, I hope to create a resource that will benefit investors, advisors and representatives of mutual funds.

The blog will be closed to comments but I welcome feedback, thoughts and questions via email: