No Liquidity for You (or Your Clients): Tactical Allocation Funds
Remembering the wisdom of Keynes, advisors should consider the overlooked effects of the rising popularity of tactical funds in client portfolios.
The Great Asset Deflation Begins
A worldwide bubble is leaking fast. And falling oil prices may not augur the coming of some golden age for consumers and investors.
No Room for Feelings in the Market
I want to discuss the rather annoying tendency of commentators to extrapolate market sentiment to well, infinity and beyond.
2014 Advisor Hall of Fame
Now in its 24th year, Research magazine's eagerly awaited benchmark of industry excellence honors five.
Warren Buffett’s Huge Pile of Cash
When Buffett sits on more than $50 billion, it's time to worry about corporate America's enormous cash pile, Leonid Bershidsky says on Bloomberg View.
Envestnet’s Karabell: Widely Used Economic Data Are Outdated
Numbers, like the GDP and inflation, actually mean little in a rapidly changing world, says Zachary Karabell at the Envestnet Advisor Summit.
Are the Markets Dancing on the Deck of the Titanic?
For a quarter-century, financial markets have not known what it means to price the risk of a superpower confrontation and how it impacts the global business climate. Does the stock market reaction suggest another bubble?
Want to Win the Investing Game? Bet on the Losers
If stocks are mispriced and it is possible to determine, generally, which ones are underpriced, why don’t more investors try to take advantage of this?
Hussman, Last Bear Standing, Stands by Grim Predictions
John Hussman believes himself to be left alone with “permabears” and “nutcases,” and implies that the capitulation of other market skeptics may just confirm the end is nigh.
A New Way to Buckle Up: Convergent and Divergent Strategies
After his “sure bet” against the deutsche mark temporarily wiped him out in 1920, John Maynard Keynes famously quipped, “The market can stay irrational longer than you can stay solvent.”