The 60/40 portfolio passed away on October 16, 2019, from complications of low interest rates and a bad case of Fed manipulation. This is the 27th time 60/40 has died in the past decade but enemies market timing, day traders, and alternative investments are hopeful it will stick this time around. 60/40 was 91 years…
Search Results for: "benchmark"
A Market of Stocks
On a total return basis, the S&P 500 is up almost 22% on the year.1 To state the obvious, this means the underlying securities included in the S&P 500 are having a good year as well. But there’s still a wide range in outcomes for the performance of the individual stocks in the S&P. For…
Debunking the Silly “Passive is a Bubble” Myth
This passive bubble talk makes no sense.
Re-Framing the Next Downturn
It feels like people have been worried about the next recession every day since the last one was over. I get it. Recessions aren’t fun. But you can’t constantly remain in the fetal position simply because you know the economy and markets eventually have a downside. Here’s a piece I wrote for Fortune to provide…
You Probably Can’t Use the Yield Curve to Time the Market
Why recession indicators don’t necessarily work as stock market indicators.
Who Has the Most Impressive Investment Track Record?
Why Warren Buffett has the greatest track record of any investor.
The Work Required to Behave in the Markets
“Stay the course” and “ignore the noise” sound like great advice but there’s a lot of work involved to follow through with this advice.
Animal Spirits: A Single Push-Up
Michael and Ben discuss why movie comedies are dying, how Netflix is changing entertainment, online savings accounts and much more.
Interest Rate Chasing in Your Savings Account
Yesterday I got an email from Marcus, my online savings account. They lowered the interest rate on my savings (and everyone else’s) from 2.25% to 2.15%. I heard stories from people who use other savings accounts that also saw a drop. These online savings accounts are obviously getting ahead of the possible Fed rate cut…
David Swensen & a Target Date Fund Walk Into a Bar
Morningstar’s John Rekenthaler shared a wild statistic about Yale’s endowment fund in a piece published yesterday: The fund’s reputation, however, owes to its earlier accomplishments. In the 10 years from mid-2008 through mid-2018 (the latter being the date of the fund’s most recent report), Yale gained an annualized 7.4%. During that same time period, the…
