Jack Bogle on Indexing: "Math is Math"
Back in 1976 when John “Jack” Bogle started the first index fund, his goal was to “capture the overall market’s return at much lower costs than the stock picking fund…
A Buffett Market Valuation Indicator
There is a mixed bag of outlooks concerning the current bull market and its staying power. In an article posted yesterday on CNBC.com, Validea CEO John Reese describes one metric used…
Housel on Competitive Advantage
Morgan Housel recently joined Collaborative Fund, a New York-based venture capital firm established in2010. In a blog posted earlier this month, he shares his insights on the importance of competitive…
The Frailty of Market Predictions
The unexpected Brexit vote and Donald Trump’s presidential election victory both occurred despite overwhelming predictions to the contrary, writes John Reese in a recent article for The Globe and Mail.…
Small-Caps on the Upswing
As all eyes continue to be on the president-elect, questions abound regarding if and how he will implement the changes he championed on the campaign trail. In the meantime, however,…
Index Fund Bubble on the Horizon
Index funds have been “bumping up” the prices of all stocks in the major indexes as managers put “record amounts of shareholder money to work,” says an article in last…
Howard Marks on the Post-Election Markets
In last week’s Barron’s, Oaktree Capital’s Howard Marks reflected on the presidential election and offered a wealth of insight regarding both its complexities and its multi-layered and far-reaching implications. With…
Morningstar Ratings and Future Fund Performance
In a recent paper published by the firm’s quantitative research team, the Morningstar Rating, also known as the “star rating”, is summarized and evaluated with respect to accuracy. Morningstar now…