Finance Has Caught On to Behavioral Economics
The next time some macroeconomist tells you that behavioral economics is passé, tell them that behavioral finance is alive and well.
Under the Hood: Stock Market Valuation, Pt. 2—Shiller and Tobin
Concluding our discussion of stock market valuation tools, we look at Robert Shiller’s CAPE and James Tobin’s Q Ratio.
‘No One Should Expect Returns of 5%’: Research Affiliates
At Research Affiliates’ event, Chris Brightman calls for advisors to lower client expectations.
The Trouble With Investor Optimism
Retirees’ growing confidence has downsides.
The New Economy Is Here—Like It or Not
The post-industrial age brings turmoil and opportunity.
Gary Shilling: 4 Warning Flags Threatening U.S. Stocks
There are several foreboding signs of darker times ahead for the market, Gary Shilling warns.
Why a Monkey Managing Your ETF Portfolio Could Boost Returns
How does an untrained monkey add value to a portfolio that trained professionals can't match?
Bill Gross’ One Big Idea: Things Are Better Than You Think, Investor
Viewed through the lens of a "real" fed funds rate of 0%, the markets aren’t so bubbly, the PIMCO bond king says.
Is the Market Efficient? Cliff Asness Says Yes, and No
At Morningstar, AQR Capital’s leader presents Fama and Shiller’s arguments and says he has “learned to live with my schizophrenia.”
How Advisors Can Make Better Investing Decisions
Financial professionals, as well as clients, can benefit from these rules.