Facebook’s looming initial public offering will mint a new generation of Silicon Valley millionaires on a level not seen since 2004, when Google went public. In this Portland Business Journal guest column, Vista’s Dougal Williams explains why Facebook’s new rich would be wise to learn an investment lesson from their Silicon Valley neighbor.

Despite research that has consistently shown index funds outperform their costlier actively-managed counterparts, financial advisors continue to recommend high-cost funds to clients, according to a report from the National Bureau of Economic Research. The reason? Actively managed funds charge higher fees and thus maximize the broker’s personal payout.

In this New York Times op-ed piece, former Goldman Sachs executive director Greg Smith announces his resignation and describes in vivid detail the decline of the firm’s moral fabric.

Since its March 2009 lows, the Dow Jones Industrial Average has essentially doubled. But for all the cheering on Wall Street, there’s a sorry tale behind the headlines: Most of Main Street America has missed out. SmartMoney’s Brent Arends profiles the inopportune timing of cash flows in and out of mutual fund assets, and offers a reminder of the importance of a trusted advisor.

In this New York Times article, Yale Professor Robert Shiller reviews a recent study into impact of I.Q. on investor behavior. The paper’s conclusion? People with relatively high I.Q.’s diversify their portfolios more than those with lower I.Q.’s, and—to their long-term benefit—invest more heavily in stocks and favor small cap and value stocks. Sound familiar?

A recent Economist article examines the consequences of recent lack-luster performance by hedge funds. Since most funds do not earn rich performance fees unless they outperform their “high-water mark”, many are throwing in the towel rather than face the prospect of spending years trying to claw back to their peak levels.

In this review of Nobel Prize-winning economist Daniel Kahneman’s book, “Thinking Fast and Slow,” New York Times columnist John Wasik explains how investors frequently fail to act in their own best self interests and are consistently led astray by their own emotions and cognitive errors.

If active managers could more easily beat “inefficient” than efficient markets, then the results would be easy to see. Wall Street Columnist Jason Zweig explains why that’s not the case.

Index funds are being embraced by an ever-increasing number of investors. But not all index funds are created equal. What makes Vanguard’s funds stand out from the crowd?

New York Times columnist, Ron Lieber, examines the hidden dangers lurking below the surface of an asset most investors view as being safe.