By Jack Forehand (@practicalquant) — Wall Street has a reputation for enhancing itself at the expense of the individual investor. And that reputation is well deserved. It has been very…
Robert Shiller On What Investors Should Be Worrying About
At the Inside ETFs conference in Florida last month, Yale professor and Nobel laureate Robert Shiller talked about an impending recession, the threat of nuclear war and the importance of…
Charlie Munger Trusts Only Two Men with His Money
At the annual meeting of the Daily Journal Corporation in February, board chair Charlie Munger said that there is only one person, other than partner Warren Buffett, that he trusts…
A $3 Trillion Tsunami Looms
An article in MarketWatch warns that the mountain of corporate debt coming due by 2023—$3.3 trillion, representing 48% of all current outstanding commercial debt—could spell bumpy road ahead for the…
A Hedge Fund Performs by Staying Small
Managers of the Netherlands-based Plethora Precious Metals Fund say that the “key to getting monster-sized returns in mining equities is to be small,” according to an article in Bloomberg. Compared…
Lessons from a Quantitative Investing Conference – Part Deux
By Jack Forehand (@practicalquant) Last week, I had the privilege of attending Alpha Architect’s annual Democratize Quant conference for the second time. The conference brings together leaders in the fields…
Cost of Smart Beta Leads to Distorted Investor Expectations
An article in CFA Institute reports that, although academic research has touted the benefits of “smart-beta,” investing, this research “largely ignores transaction costs that reduce returns significantly.” The article offers…
Investor Options When Star Manager Leaves
Using the example of Henry Ellenbogen’s departure from T. Rowe Price at the end of this month, an article in Barron’s speaks to whether investors should “take your money and…
Higher Returns on Fewer Stocks: Vanguard Debunks "Best Ideas" Portfolio Philosophy
A recent study by a team at Vanguard contradicts the idea adopted by many investors and financial professionals that “broadly diversified portfolios are inferior to concentrated portfolios made up of…
Twin Momentum: A Combination of Fundamental & Price Momentum
By Justin J. Carbonneau (@jjcarbonneau) — An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction…