Loomis Sayles vice chairman Dan Fuss is confident that the long-term outlook includes 1970s-style inflation and doubts that the U.S. economy is headed for a V-shaped recovery. This according to…
The Different Shades of Active Management
Active management deserves all the criticism it gets. After all, over 80% of equity managers underperform their benchmarks over the long-term and active managers charge vastly higher fees compared to…
Will the End of the Bear Market Be the Start of the Bubble?
“If you went to sleep on Feb. 19 and woke up on Aug 14, you would think that nothing had happened.” This according to a recent article in Barron’s that…
Wall Street Greed Exposed by Fractional Shares
The stock market’s rally since its late March low has “inspired millions of new investors,” who now have the ability to buy “fractional shares”— less than one share of stock—according…
Will Your 401(K) Sink or Soar with a President Biden?
“Here’s what you need to know,” says a recent article in MarketWatch: “Of all the reasons to vote for Donald Trump or Joe Biden for president this November, one of…
The Top Avoidable Distractions When Reading Financial News
A recent CFA Institute article identifies a list of the types of financial news stories that “have no value or insight and can be easily avoided.” Here is a sampling:…
Excess Returns, Ep. 39: Interview: Bridging Academic Research and Real World Investing with Professor Partha Mohanram
In this episode we are joined by Professor Partha Mohanram. Professor Mohanram is the John H. Watson Chair in Value Investing at the Rotman School at the University of Toronto.…
Vanguard: A 60-40 Portfolio is Still the Bomb
Recent shifts in equity and income markets have some saying that the 60-40 portfolio mix has become a “dull artifact of the past,” but Vanguard argues that it’s performance during…
Market Timing: So, You Think You Can Do It?
While some investors might get lucky in their attempts to time the market, those successes usually lead to “delusional over-confidence,” writes columnist Barry Ritholtz in a recent Bloomberg article. “As…
Siegel: Why Rising Stocks Won’t Peter Out
Wharton professor Jeremy Siegel says the current stock rally has room to run, notwithstanding the underlying headwinds of a pandemic and a weak economy. This according to a recent article…