But when Mr. Zagunis was recently a guest speaker at an investment class at a university, he said, the students showed him a chart of their portfolio, which has performed poorly this year.

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The bottom portion of the chart shows the weight each portfolio held in equities over time.

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Below is a chart for the Powershares Insured Municipal Bond Portfolio, a decent proxy for muni-bonds as a whole.

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Right now, SPX 20-day historical volatility is just over 8.4, which would suggest the VIX is relatively high, even as it trades at chart support and may be considered relatively low by most portfolio managers.

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With it, users will be able to manage their portfolio, see what trades are outstanding and pull up a chart-based view of a particular position.

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Each has complementary investment styles and thus has resulted in a very nice, overall combined portfolio risk and return profile, with a very, very smooth chart.

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Funds picked by investment advisers (including funds-of-funds, which invest as limited partners in a portfolio of private-equity funds) and banks performed well below average (see chart 4).

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In other words, his approach to investing was to construct stories so that the chart fit his expectations, and in the process, our investing friend may have put his portfolio at risk.

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Portfolio investment and foreign direct investment by Indians abroad has tailed off sharply since 1996 (see chart).

ECONOMIST: Indian bonds