Stanley Druckenmiller Insights on the Market and Its Greatest Investors
A recent article in The Hustle outlines an in-depth interview with investing legend Stanley Druckenmiller that touched on the earmarks of a great investor and the state of the markets.…
Goldman: Inflation Will Do a Number on Stocks
A new study by Goldman shows that stocks will do well if inflation remains muted, but an escalating consumer price index (CPI) will hurt returns. This according to a recent…
Paul Tudor Jones: If Fed Ignores Prices, “Go All In” on Inflation Trades
Last month, billionaire hedge fund manager Paul Tudor Jones told CNBC that he’s paying close attention to the Fed given the rise in consumer prices. If the Fed treats the…
What Makes Buffett Great. Identifying Bubbles. Importance of Intrinsic Value & More - Lessons From 100 Investing Podcasts
We have reached our 100th episode of Excess Returns. We have been privileged to speak to some of the smartest investors we know over the course of the 18 months…
The Hidden Benefits of Rebalancing - And Some Tactics to Optimize the Process
Investors will seek any type of edge they can find. Many run complicated models to try to generate an excess return. Others endure the pain that generating long-term excess returns…
Grim Diagnosis for the 60/40 Portfolio, Says $5Tn CIOs
The consensus of participants in the CityWire CIO Summit, held in May, was that the 60/40 portfolio may not be dead, but “its condition appears to be critical.” The Summit…
Capitalism and Value Investing
Although value investors have been “on the wrong side of exuberant financial markets for more than a decade,” both the value and growth approach are necessary in a capitalist economy.…
Financial Advisors Won’t Be Replaced by Artificial Intelligence, Says UBS CEO
In a recent interview with CNBC, UBS CEO Ralph Hamers said that artificial intelligence (AI) will not replace the role of financial advisors and is better suited to handling day-to-day…