When buying stocks, it is essential for investors to value process over outcome, says guru James O’Shaughnessy during a recent speaking engagement. This according to a recent Nasdaq article by…
Stock-Pickers Have Underperformed Benchmarks for the Past 15 Years
According to the latest S&P Indices Versus Active funds scorecard, over the last 15 years (ended December 2016) 82% of all U.S. funds were unable to beat their benchmarks, according…
Yale's Actively Managed Fund Performance Waning
The majority of the Yale University endowment fund is invested with active managers but, if you compare its returns to low-cost active strategies rather than to passive indices, “Yale’s active…
The Relationship Between Stocks and the U.S. Dollar
While the dollar’s relationship with the economy as a whole is relatively “murky,” the relative performance of U.S. and foreign equities against the dollar is more distinct, writes Ritholtz Wealth…
FPA Crescent is a Winning Active Fund
“There is no index fund—or other active fund, for that matter—that behaves like Crescent,” writes Morningstar’s John Rekenthaler. The article explains that Crescent’s asset allocation over time contributes to its…
Bridgewater's Ray Dalio Offers Advice to the Everyman Investor
Ray Dalio, chairman of the world’s biggest hedge fund (Bridgewater Associates), recently shared his “best advice for the common investor” with Business Insider’s Henry Blodget. According to Dalio, the article…
The Permanent Portfolio’s Choppy Growth History
In 1982, the late Harry Brown (investment adviser and Libertarian presidential candidate in 1996 and 2000) helped create a conservative mutual fund intended to shelter investors during downturns, with a…
Robo-Investing is Gearing Up
As money managers allocate more resources to quantitative model-building, they are also amping up robo-advising services for clients seeking low cost investment alternatives, writes Validea CEO John Reese in this…
Weakening Profit Growth Could Squeeze Margins
As encouraging strong first quarter profit figures come in, investors should keep in mind that earnings of global companies in the S&P don’t necessarily reflect trends in the American economy,…
Hulbert: Don't Believe These Old Market Adages
When investors follow popular stock market beliefs and seasonal patterns, the only people who make money are the brokers earnings trading fees from the subsequent buying and selling, writes Mark…