An earlier headline said that mutual funds have little place in a portfolio. Bogle contends that actively managed equity funds have little place in a portfolio.

The video, "Consumer ReportsRanks iPhone 5 Worst Smartphone," was incorrectly titled. Consumer Reports actually ranked the iPhone 5 the worst "top" smartphone.

An earlier version of this story misstated the number of drugs in various stages of testing as seven. The correct number is 35.

An earlier version of this story misidentified James White as the IRS director of Tax Issues.

An earlier version of this story stated that Alcoa's fourth-quarter net income was 23 cents a share. The correct number is 21 cents a share.

An earlier version of this story stated that Good, Meraki, Codecademy and Kiip were private companies listed on SecondMarket. Those companies are on SecondMarket's rising stars list, which does not indicate whether or not a company is currently involved in any transactions on the platform.

An earlier version incorrectly suggested that Robert Chapman had cited Bill Ackman's "pyramid scheme" allegations in his investment strategy for Herbalife.

An earlier version of this post miscalculated the size of an estate that would be needed to achieve a $1.1 million savings through early death.

A previous version of this article incorrectly stated that Warren Buffett has criticized JPMorgan Chase for expensive stock repurchases.

Paulson's Advantage and Gold funds fell a respective 4.7 percent and 11.6 percent for the month of November, and the gold fund is down 21 percent year to date. An earlier version of this story, which was based on performance specific to only one set of Paulson investors for the same time period, reported the results as respective drops of 3.6 percent and 9.5 percent for the month, and nearly 30 percent year to date.