Experience Defined DifferentlyJun27

For some time now, people have been moving towards wanting to have memorable experiences, not just buying and owning things. The website Luxurytraveladvisor.com published some data on this trend: According to a study conducted by Expedia and the Center for Generational Kinetics, 74% of Americans now prioritize experiences over products or things. “Baby Boomers (born 1946-64) are entering a stage where ‘less is more,’ while younger generations, particularly Millennials (defined as those born from 1977-95), are leading the charge in placing a newfound value on experiences, more than things

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SEC Actions This Week: Rethinking Index PublishersJun17

Indexing has been a winning strategy in terms of risk-adjusted and fee-adjusted performance, and it’s become hugely popular with investors. The problem is determining what an index is. The grandaddies of them all are the Standard & Poor’s 500, originally designed to reflect the largest public companies in the US, and the Dow Jones Industrial Average, which was part of an investment theory developed by Charles Dow. Standard and Poor’s used its index to promote its data and rating services, while the Dow Theory helped promote the Wall Street Journal and Barron’s

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