A survey of 100 institutional investors conducted last week (the II Fear Index poll) showed that 65 percent believe the long-term impacts of Covid-19 have not been sufficiently factored into…
Day: June 29, 2020
Rekenthaler on When to Buy Stocks Directly
In a recent Morningstar article, columnist and veteran fund researcher John Rekenthaler argued that novice investors should avoid the direct purchase of equities until they become “sufficiently educated.” Here are…
Excess Returns, Ep. 30: The Pros and Cons of Quantitative and Discretionary Investing
We all have a tendency to believe that the way we invest is the best way. As quantitative investors, we can sometimes feel that there is no reason anyone should…
Record Number of Fund Managers Say Stocks are Overvalued
A recent survey of fund managers by Bank of America Merrill Lynch shows that a record number of 78% respondents believe equities are overvalued following their rebound from the March…
Austria’s 100-Year Bond at Less Than 1%
Austria’s recent return to the century-bond club with a 2 billion-euro ($2.3 billion) debt issue is a clear example of how the European Central Bank is encouraging greater risk taking,…