Burton Malkiel Picks Bonds as ‘Worst Asset Class for Investors’
Malkiel looks at three asset classes in reverse order, and says that even if the overall inflation rate is only 2.25% in the next 10 years, a 10-year Treasury will realize a zero real return.
The Client. The Client. The Client.
The last words of General of the Army Douglas MacArthur’s farewell speech at West Point went like this: “…when I cross the river, my last conscious thoughts will be of the Corps, the Corps, the Corps.”
Ivy League All-Star Investment Team: At Point Guard, Jeremy Lin
Consider: If advisors act as asset allocation point guards for their clients, which Ivy Leaguers would you want on your team?
At Bogle Event, Musings on Profit Motive, Fiduciary Responsibility
“I’ve done the best I could to build a better world for investors,” said John Bogle at an event honoring his legacy, with multiple luminaries of the investing and academic world gathered to add their congratulations on his efforts over the years.
Burton Malkiel Is Bullish on China, Says U.S. Double-Dip Unlikely
‘Random Walk’ author and index investing champion is ‘not negative on U.S.’ but says over long run, ‘too much debt is associated with poor economic growth."
Building Portfolios on the Road to Independence--Part IV: The Role and Use of Alternative Investments
When I think about the portfolio construction process it brings to mind a few good books I've read over the years. Books like: "Asset Allocation,"...
The Other Half of the Indexing Debate
Over the past few years, investors have been entertained by the mudslinging between two distinct camps of index investing: traditional indexers vs. fundamental indexers. The first...
Alive and Kicking
Beta's been declared dead for so long, by so many, that it's tempting to dismiss the risk metric as a museum piece. Yes, it's hotly...
In the summer of 1992 George Soros saw an unusual opportunity in the then rarified world of currency trading. A dozen years earlier, the European...
The popularity of the standard deviation in investing dates back to 1973 and the publication of Burton Malkiel's legendary book, A Random Walk Down Wall...