With the S&P 500 down 22% and the NASDAQ down 30% this year, stock investors have had it rough for the last 10 months. As investors sell off the growth…
S&P 500’s Bad Earnings May Be Exactly What The Fed Wants
Alphabet recently told investors that demand for advertising was beginning to slow, and in the wake of the announcement, the company lost $70 billion and the Nasdaq 100 dropped 2.3%.…
Bear Market Hasn’t Hit Passive Yet
While many managers have relied on the assumption that passive funds will be uncovered in the next big bear market, that hasn’t played out this year, contends an article in…
Show Us Your Portfolio: Rob Arnott
In this episode we speak with Research Affiliates founder Rob Arnott about how he manages his personal portfolio. We talk about how Rob thinks about the role of both bonds…
Three Lessons From Andrew Beer
By Jack Forehand, CFA, CFP® (@practicalquant) — When we started the Excess Returns podcast, our primary goal was to learn. We wanted to help listeners to the podcast learn. But we also wanted…
Social Security’s Protection Is Priceless
Social Security’s 8.7% cost-of-living adjustment (COLA)—the biggest increase in decades—offers retirees a priceless benefit in the form of inflation-protected income for life, maintains Jeff Sommer in an article for The…
Were Great Returns The Result of Skill or Luck?
Determining if a manager produced high returns thanks to their expertise or because of luck is a key piece of information for investors who are selecting which firm to give…
Hedge Fund Managers Aren’t Showing Much Stockpicking Genius
Clients shell out hefty fees—usually 2% of assets annually, on top of 20% of profits—to hedge fund managers for their skill at identifying good and bad companies, trusting that the…
Tudor Jones: We Are Ready To Deploy Our Recession Playbook
The current decade will be focused on debt dynamics around the globe, fiscal deficits, and creating monetary policy that will give people confidence in the long-term, Paul Tudor Jones of…
Dean of Valuation: Market Is Being Driven By “Mood & Momentum”
“Mood and momentum” is what’s driving the market right now, Professor Aswath Damodaran of NYU’s Stern School of Business told CNBC International TV in a recent interview. Investors are looking…