My NYC Don’t Fall For It Media Tour

I made a quick two-day trip to New York City at the end of last week. I like to be as efficient as possible on these trips because it’s no fun being away from my family for too long. Here’s what I packed into this one: Caught up with my colleagues at our firm’s HQ…

Asset Allocation Quilt Redux

The annual update of my favorite performance chart drew a number of good responses and questions. I’m going to go through two that I thought were worth some more digging: Question 1: Can you take this allocation quilt back 20 years? The past 10 years have felt like complete and utter domination by large cap…

Where the Magic Happens in the Stock Market

Apple is up a lot over the past year, more than doubling in terms of total returns: Some investors claim the only reason Apple share have risen so much must be due to a combination of inflows into passive investment products and share buybacks from the company. Index funds and buybacks have made for a…