A funny thing happened as the end-of-the-world crowd was busy predicting a collapse of the U.S. dollar caused by the Fed’s monetary policies – the dollar has rallied mightily. Karen Damato at The Wall Street Journal ran a very telling chart this week that shows the effect the dollar’s rise has had on foreign stock…
Charlie Bilello from Pension Partners posted a great chart in a recent post:
The price of oil is down nearly 40% in five months, a swift fall in one of the most important and visible commodities in the world. After seeing such a crash in price, investors and pundits are quick to trot out the specific reasons for the decline. I’ve heard many people this week give the…
There was a mind-blowing stat flying around last week that showed less than 10% of all U.S. stock funds are currently beating the S&P 500 in 2014. Over longer time frames, the fact that most index funds beat the majority of actively managed funds is a given at this point, but indexing always looks even better…
Noah Smith wrote a column for Bloomberg View last week that discussed the different options that Millennials have for their investing purposes. He laid out the two most frequently cited choices:
“Finance is not about beating the market, necessarily. It’s about managing risks in such a way that we can be a productive society and we can achieve our goals.” – Robert Shiller In his latest Master’s in Business podcast for Bloomberg Radio, Barry Ritholtz asked Nobel Prize winner Robert Shiller about how he manages his…
The following comes from Robert Hagstrom’s highly underrated book, Investing: The Last Liberal Art. Hagstrom is discussing author Michael Shermer’s book How We Believe: Shermer suggests that we can better appreciate the role of the belief system when we think back to the Middle Ages. During this period, 90 percent of the population was illiterate….
Tadas Viskanta from Abnormal Returns made a great point in a recent post: In the financial blogosphere and financial media we are often confronted with debates about issues that really are important only the margin. Of late discussions about active vs. passive, smart beta vs. dumb beta and alternative assets have been at the front…
One of the reasons the past couple of years have frustrated so many professional investors is because of the lack of volatility. For most investors, volatility is a four letter word that should be avoided at all costs. But for others, volatility acts as a form of opportunity.
If you missed part I of my Q&A with Wes Gray of Alpha Architect, check it out here for thoughts on his firm’s new ETF, the process of starting an ETF and more on quantitative value investing. Part II includes some of Gray’s biggest influences on his investment philosophy and lessons learned from serving our…
