Ben Carlson

My Interview on What’d You Miss

Yesterday I had a great time talking about the stock market with Joe Weisenthal, Scarlet Fu and Julia Chatterley on Bloomberg’s What’d You Miss. Here’s my segment discussing the concept of market breadth which was the topic of my most recent Bloomberg piece from earlier this week. Enjoy and have a great holiday weekend: And here’s the…

Knowing Where Your Financial Destination Is

I get a lot of questions from people about how they should invest their money and which specific investments they should focus on. What should my asset allocation look like? Which funds should I pick in my 401k? Should I own individuals securities, mutual funds or ETFs? Which ones? Should I change my current portfolio…

How the Bond Bull Market Distorted Fixed Income Expectations

Bonds will provide an interesting case study in investor behavior in the years ahead. With interest rates at much lower levels than they have been in the recent past the same change in rates will now lead to much more volatility in bonds than it would have at the higher rates seen in the past….

Barriers to Entry in the Markets

I’ve spent the majority of my career performing due diligence on a wide variety of money managers, funds, and investment strategies. The due diligence process involves far more art than science but I’ve always found that it’s more helpful to use the process of elimination by spotting red flags rather than seeking out the perfect…

Q&A With Wes Gray & Jack Vogel on Liquid Alts

A couple weeks ago when I wrote about my evolution on asset allocation I said that I’ve learned a lot on the topic from Wes Gray and Jack Vogel at Alpha Architect. I’m in the middle of handling a new set of twins, but last week I had a chance to chat with these two to discuss their…

When Your Financial Plan Gets Thrown Out the Window

Woody Allen, quoting an old proverb, supposedly once said, “If you want to make God laugh, tell him about your plans.” I’m sure everyone has experienced this at some point but it feels like my life the past year or so is a good example of this quote. This past summer we found out my…

Think Global to Avoid the Shrinking U.S. Stock Market

A lot has been written in finance circles in recent years about the shrinking number of publicly-traded U.S. corporations. In this piece I wrote for Bloomberg I discuss what it means for investors in a more globalized world and why it is likely not that big of a deal for diversified investors. I also think…

The Expectation of Losses

The S&P 500 is up around 8% in 2017. There’s still a long ways to go and a lot can happen between now and then but if it holds it will be the 9th year in a row of gains for U.S. stocks. This year has also been eerily calm in the markets. Volatility has…

A Good Lesson For Millennial Investors

“Experience is what you got when you didn’t get what you wanted.” – Howard Marks The Snapchat IPO has done something most finance books, personal finance experts or nagging parents could not — it got large groups of millennials excited about investing in the stock market. The following comes from the USA Today just a…

Everything, in retrospect, is obvious

In the classic 1980s movie Cocktail, young Brian Flanagan (played masterfully by Tom Cruise) shacks up with an older woman who basically becomes his New York City sugar momma. They met at a bar in the Jamaica and it was never going to work out but they made a go of it anyways. When things eventually come…