If you’re making an argument for passive investing, you’d probably point out that it’s less expensive, it’s tax efficient, and has paid off over long periods of time. In a…
Author: Validea
Investors Should Adjust Return Expectations Says Janus’ Gross
Investors have a better chance of seeing a repeat of the past 40-years on the planet Mars than they do here on earth, says William Gross, manager of the Janus…
Jason Zweig on Why Interest Rates Matter
When shopping for sale items, it’s customary to look at the price tag and see how much an item has been “marked-down”. You’d rather browse the “30% off” rack than…
A Watched Pot Never Boils -- A Lesson in Market Returns
When meeting with clients, Steven Podnos (principal at Florida-based Wealth Care LLC) shared with the Wall Street Journal how he explains the negative impact of emotional decision-making on an investment…
Investing Internationally: Countries or Companies?
The topic of global investing through allocating country risk was addressed in a recent CFA Institute interview with NYU finance professor Aswath Damodaran. While the goal of this approach is to…
Factor Investing is Gaining Appeal
Many traditional investment portfolios are created by mixing asset classes to spread risk and optimize returns. However, the Financial Times recently reported on a growing shift by more sophisticated institutional investors…
Waiting to Exhale: What Lies Ahead After the Brexit Vote?
“The healthy economy is one that makes its own decisions,” says Rob Arnott of Research Affiliates concerning possible fallout from Britain’s vote to stay or leave the European Union. In…
An Oldie but Goodie: Dow Jones Utility Average Hits All-Time High
The Dow Jones Utility Average (DJU) was created back in 1929 to house utility stocks previously represented in the Dow Jones Industrial Average (DJIA). In a recent article published by…
Investors Not Buying this Bull Market
Even though the S&P continues to hover over a new record high, investors don’t seem to be buying it–metaphorically or literally. This according to journalist James Mackintosh of the Wall…
Asness and Arnott Talk Market Timing, Smart Beta and Behavioral Biases
Maybe not always. At least that was the upshot of a debate between Cliff Asness of AQR and Rob Arnott of Research Affiliates, panelists at the recent Morningstar conference in…