MarketWatch reports that Rob Arnott, chairman of Research Affiliates, says that smart beta has now become so popular that it is dangerous. Arnott, whose research helped to fuel interest in…
Stodgy Dividend Payers On Top So Far in 2016
The Wall Street Journal reports on investors’ recent moves toward high-dividend stocks. Stocks in the S&P High Yield Dividend Aristocrats Index (which have increased their dividends every year for at…
The Cash Returned On Capital Investment (Croci) Approach to Value Investing
Financial Times reports on the “Croci” approach to value investing, as employed by Deutsche Bank. Croci stands for “cash returned on capital investment.” It is an approach that seeks to…
Rekenthaler: 3 Options for Outperformance
John Rekenthaler of Morningstar asks “what are the possible paths to outperformance?” and comes up with three options. Find the “market’s dummies”: First, he says, there is the “traditional approach”…
AQR's Asness on Fama, Momentum Investing and More
Clifford Asness, Managing and Founding Principle of AQR, writes in his “Cliff’s Perspective” blog about Nobel Laureate and Professor Eugene Fama’s views on momentum investing. Asness is a believer in…
Morningstar Study: Long-term Outperformance Not Predictive of Future Outperformance
The AAII Journal reports on a recent Moringstar study that found no link between long-term performance and future performance. The study (which is available here), as AAII Journal reports, “looked…
Hulbert: Market Likely to Rise Significantly Following Recent Drop
Mark Hulbert writes in MarketWatch that “the U.S. stock market over the next six months is more likely to be notably higher than it is to drop further.” He bases…
Joseph Stiglitz Critiques Post-2008 Financial Policy and Suggests Reform
Drawing on the United Nations’ report World Economic Situation and Prospects 2016, former World Bank chief economist and senior vice-president Joseph E. Stiglitz, now a professor at Columbia University, writes…
Is the Value Premium Disappearing?
Nir Kaissar, founder of Unison Advisors and columnist for Bloomberg Gadfly, asks the question — does the “value premium” still exist today given the bout of value stock underperformance vs.…
How Taking a Break from Checking Your Portfolio Can Help with Returns
With smartphones and tablets and 24-hour financial news channels making stock market data instantaneously available, many investors spend a lot of time monitoring their portfolios’ every movement – too much…