International Equities and Diversification
The evolution of the global economy has changed the relationship between U.S. and international stocks such that equity investments in many developed companies provide little diversification benefit. This according to…
Dead ETFs Cause for Celebration
The number of defunct ETFs hit 1,000 this year and should be considered “healthy and natural in a thriving—albeit brutal—market.” This according to a recent Bloomberg article. “On the practical…
When Warren Buffett Thanks You for “Client Alpha”
By Justin Carbonneau (@jjcarbonneau) Imagine for a moment you were one of the very first investors in Berkshire Hathaway in 1965 and you’ve stayed committed to Buffett all these years…
Jeremy Siegel: “Fairly Valued” Market Presents Two Big Risks
A recent article in Advisor Perspectives summarizes an interview with Wharton professor, Wisdom Tree senior investment strategy advisor and author Jeremy Siegel. Here are highlights from Siegel’s comments: Valuations: While…
Wheat and Oil to Spice Up Returns for Patient Investors
In a recent Wall Street Journal article, columnist Jason Zweig explains how investing in commodities can pay off. Even though assets like oil and gas, corn, wheat, hogs and nickel…
Markets Have Lost Their Cool, and Here’s Why
A recent bump in market volatility underscores “why investors should mistrust serene markets,” according to a recent article in The Wall Street Journal. On Wall Street, the article explains, market…
A Loser’s Game for Active Managers
“What is ironic is that active managers have been doing exactly what they needed to do to fight back, and it still hasn’t helped much. It might even be hurting,”…
Excess Returns, Episode 2: The Rising Bar for Active Management
The market has always been tough to beat, but the ability to investors to gain inexpensive exposure to factors like value and momentum has made the job of active managers…