An article in CFA Institute provides a historical overview of the finance industry over the past century, assigning memes to different periods: “Diversify Thy Portfolio: 1924-1974”—The invention of the first…
The Active Money Manager Model No Longer Works
“Active money managers have underperformed benchmarks for far too long in one of the greatest bull markets in history,” according to a recent article in Bloomberg. As a result, the…
Value May Be Poised for Performance Over Growth
As investors are drawn to defensive investments, value stocks may make a comeback beginning this year, says one portfolio manager at Perkins Investment Management in Chicago. This according to a…
How 3% Yields Could Change the Investing Landscape
Rising Treasury yields are “prompting investors to dust off their playbooks for how to trade in an era of relatively higher rates,” according to a recent Bloomberg article. The article…
Ken Fisher: Stock Buybacks Are Not Evil
In a recent USA Today article, famed investor Ken Fisher argues against the stance of some politicians that share buybacks should be banned, instead declaring they’re “great—for everyone. When firms…
What Gambling and the Oakland A's Can Teach You about the Importance of Process
By Jack Forehand (@practicalquant) — I have a friend who is an infrequent gambler and won money almost every time he went to the casino. He did it by exclusively playing…
Goldman and PIMCO Go for Some Battered Corporate Bonds
Goldman Sachs and Pacific Investment Management Co. (PIMCO) see “safe places, even in corporate bonds, to ride out credit and rate risk that loom large over an aging growth cycle,”…
Are Index Funds as Cheap as You Think?
In a recent Wall Street Journal article, columnist Jason Zweig rebuts an argument that index fund expenses are drastically understated. The argument comes from veteran value investor David Winters, portfolio…
In Today's Market, Dollar Cost Averaging a Better Play Than Lump-Sum Investing
Investors who may be sitting on cash due to nerves about high valuations, rising interest rates and market volatility might be missing out on huge gains, according to Bloomberg columnist Ben…
Sell in May, But Not in the U.S.A.
Outside the U.S., there may be some credence in the saying, “sell in May and go away,” according to a recent article in Bloomberg. “A look at 30 years of data…