Norb Vonnegut is a New York Times acclaimed novelist, who writes fiction and non-fiction about the financial services industry. Prior to his work as an author, he was a managing director with a registered investment adviser as well as an executive director at Morgan Stanley. Vonnegut is a graduate of Harvard College and Harvard Business School, and he believes that any day spent on the seat of a bicycle is a beautiful thing.
Private investigator L. Burke Files talks to Norb Vonnegut about how criminals think, how they behave, and how financial advisers can spot their bad offerings and protect their clients from financial malfeasance.
Norb Vonnegut culls three lessons from HBO's recent Bernie Madoff biopic. Taken together, they serve as a renewed prompt for investors to consider low-cost index funds. After all, these funds are hardly exclusive. The world is vetting them constantly. So long as investors reinvest dividends and other cash flows back into the funds, the annualized returns are a real measure of investment performance: What you see is what you get. And what’s better than that?