What Makes the Smart Money Smart

New studies show that the “so-called smart money is prone to many of the same errors as amateurs,” writes Wall Street Journalcolumnist Jason Zweig. Professional investors, he argues, “rack up…

Value Stocks Have Never Been Cheaper

Value investing has been a losing strategy in recent years, and value stocks are currently trading at the steepest discount in history. This according to a recent article in MarketWatch.…

Zero Interest Rates Forever?

A recent article in Bloomberg discusses the outlook for the federal deficit and potential repercussions with respect to interest rates. The article reports that the Congressional Budget Office’s release of…

Should CAPM Be Retired?

A new paper argues that factor investing challenges the decades-old Capital Asset Pricing Model (CAPM), according to an article in Institutional Investor. The paper’s co-author, Northern Trust Asset Management’s head…

The Lure of the Unsolvable Problem

By Jack Forehand, CFA (@practicalquant) — I was talking to someone recently who was exploring potential career options and they asked me a question that got me thinking. They wanted…

Value Investing: Is It Dead?

Investors can no-longer rely on the “so-called value premium to continue in the future,” according to a recentMarketWatch article by Paul Merriman, author and founder of Merriman Wealth Management. While…