Invest and Profit With the POTUS Indexes!
Regardless of how you allocate your assets, there is a method that cannot fail in its brilliance and simplicity.
Active Investment Management Never Went Away
But it was overwhelmed by passive investing because of its structural challenges: high costs, high turnover and management by committee.
Napoleon Is Dead! Wait, That's a Stock-Market Scam.
Financial markets have been dealing with hoaxes, frauds and fake news for a long time. The wrong response can be costly.
Michael Lewis’ Portrait of Two Men Who Changed the World
Lewis’ book on Amos Tversky and Daniel Kahneman is an introduction to behavioral economics thinly disguised as a biography of its two protagonists.
Mansions Aren't Such Great Investments
Can you argue that residential real estate, even luxury real estate, has done better than equities during the past 30 or 40 year?
Beware of Data Mining: Market Lessons From the Election
If a gold mine is a hole with a liar standing on top, a successful data miner is a quant with data lying to himself.
Last Best Chance for Fixing Roads and Refinancing Debt
I suggest that the U.S. issue bonds that mature in 50 or 100 years, and given Washington gridlock, something positive may result.
Everyone Knew Trump Would Win All Along
As an example of hindsight bias and how outcomes affect narratives, consider the presidential election.
This Bull Market Has Room to Run
Are we in a cyclical bull market coming to an end or in the early years of a secular bull market? The answer could have a significant impact on the way portfolios perform.
We're More Productive Than We Think
The way we measure productivity today, which captured the output of the economy in the last century, isn't up to the task in this century.