While Wall Street is often viewed as the center of the investment universe, a far less exciting – but potentially more powerful – environment exists in the halls of academia. In this environment, professors at schools like Wharton, Yale, MIT, Stanford and the University of Chicago examine decades of financial data in search of patterns and explanatory variables.
Many investors are still shy from the drubbing they took in 2008 or feel that it's too late to get into the market now. That kind of scared thinking is going to cost them.
The 401(k) retirement accounts of many employees are going up in smoke due to excessive fees charged by their investment company. Unless this can be rectified through legislation, higher earners may end up paying for the shortfall later.