The Wall Street Journal and Morningstar are fighting. On Wednesday, an in-depth piece ran in the Wall Street Journal that attacked Morningstar’s rating metrics as being misleading and causing individuals, advisors, pension funds, and endowments to make poor decisions about where to invest.
Later that day, Morningstar issued an aggrieved response that claimed that the Journal had drawn incorrect conclusions about their rating methodology and that, despite misunderstandings, the ratings are still a valuable tool for investors.
