The Rise and Fall of Modern Portfolio Theory
MPT’s ubiquity confirms its legitimacy through social validation rather than empirical evidence.
Advisors Should Consider Alternatives to Publicly Traded REITs
Given REITs’ limitations, consider a wider array of options for clients who have the ability and willingness to invest in less-liquid real estate alternatives.
A Step Backward in Financial Regulation
The Financial Choice Act will make the financial system less safe, and it won't eliminate bailouts in a future crisis.
Investors Are Under Siege
It is not a single item, or event, but the fact that we are being bombarded with supersized issues everywhere.
Understanding the Cult of Emotion
The cult of emotion makes successful active management nearly impossible.
6 Investing Themes Reshaping the Future
With Trump’s agenda mostly stalled, pay attention to stimulus plans, globalization and the aging of the population.
Unusually Low Volatility Can Be Dangerous for Markets
Excessive stability breeds instability down the road.
AXA Moves to Sweat the Asset Managers in U.S. IPO Plan
The author says managers were careful not to say how much of the U.S. operations they might sell.
Active Equities’ Broken 1970s Model Needs a Renaissance
What is to be done? Let's start by declaring an end to Modern Portfolio Theory and looking instead to behavioral finance.
Keep Longevity From Killing Your Clients’ Retirement
Understand your clients' goals and then build a portfolio to meet their income requirements. Here's an example.