Index Funds, Quants and Hedging: John Bogle Speaks
Bogle discussed some of the more abstruse critiques of index investing with Bloomberg.
Decay and Investing: When Time Keeps On Slippin’ Into the Future
A good understanding of the concept of “decay” is instrumental in managing certain investments (with apologies to Steve Miller and a nod to “Trading Places”).
Welcome to Silly Season, aka Market Prediction Time
Taking a consistent, disciplined approach to investing will benefit you and your clients much more than following the “top picks” of the market prognosticators.
For Cuba’s Economy After Castro, a Glum Forecast
At a glance, the case for Cuba’s optimism is obvious, but the core problems of the region will also hamper its growth, writes Tyler Cowen.
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.
The Benefits of a 50% Currency Hedge
Using the "hedge of least regret" discourages investors from trying to time currency moves.
Stock-Picking Pros Beat the Indexers
New research shows that when there are chances to beat the market, money managers tend to see them and take them. But there's more.
Everyone Knew Trump Would Win All Along
As an example of hindsight bias and how outcomes affect narratives, consider the presidential election.
How to Implement a Factor-Based Portfolio
You’ve likely heard a lot about what factor-based investing is. Now, here’s how to do it.
What Trump Means for Interest Rates
Assuming several if's, a Trump administration has the potential to encourage interest-rate convergence consistent with higher economic growth and greater financial stability.