Today’s U.S. market bubble is unique, says GMO co-founder Jeremy Grantham, but it will soon burst. This according to a recent article in Advisor Perspectives. In an interview earlier this…
Defaults are Surging in Four Sectors
The U.S. is “leading the world in defaults” at 122 so far this year, with S&P Global data showing that the majority are occurring in the consumer products, oil &…
Ending Long Chapter, Harvard Spins Out Natural Resources Team
Harvard University’s endowment has spun out its natural resources team into a new, independent investment firm called Solum Partners, marking the exit of the last group inside the school charged…
The Importance of Separating Your Politics From Your Portfolio
By Jack Forehand, CFA (@practicalquant) I never write about politics. I certainly have political opinions, just like everyone else. I have a series of views about how I think the…
New Study Shows Public Markets Cannot Replicate Private Equity Returns
As quantitative investors and other asset managers try to deliver private equity-like returns through indexes and stock funds, a new study from the University of Pennsylvania’s Wharton School suggests that…
One Strategist’s Forecasts on the Next Global Crisis
“When it comes to forecasting geopolitical risk, you can’t do better than Ian Bremmer,” according to an article in Barron’s that outlines some of the Eurasia Group founder’s predictions going…
The Probability Theory in Finance and Radical Uncertainty
The first in a three-part series of CFA Institute articles explores “how we came to forget how to live with real uncertainty, the “profound consequences this has had on finance…
Markets Expect Vaccine to Be Only Partially Effective
Hedge fund manager Dmitry Balyasny says stock markets are expecting a Covid-19 vaccine this year that is only 50% to 60% effective, “leaving room for some unloved equities to rally”…
CNBC Exclusive Interview with Social Capital’s Chamath Palihapitiya
In a CNBC interview last month, Social Capital Founder and CEO Chamath Palihapitiya argued that in order to “dig out” of the current crisis, money needs to be placed in…
The Dangers Of Trying To Outsmart The Market (Ep. 49)
All of us can fall into the trap of thinking that a certain outcome in investing is obvious. Whether it be the future direction of the market, which asset classes…