…idea that low interest rates ensure permanently high plateaus, pointing out that the historical correlation between Treasury yields and reliable measures of market valuation is extremely low, and generally low…
Search Results for: low-volatility funds
Asness vs. Arnott on Smart Beta, Factor Timing, and Performance Chasing
…once understood as a proponent of smart beta approaches due to his research and development of fundamental indexing, claimed that many smart beta exchange traded funds “have succeeded solely because…
Bogle: No Stock Pickers in What Looks Like an Expensive Market
…picker’s market is meaningless” but catches on and gets investors’ attention. Bogle, who is best known for popularizing passive, low-fee index investing, goes on to say that the stock market…
Loeb Warns of Hedge Fund “Washout”
…recent run for many funds is one of the most “catastrophic periods” he has ever seen for hedge fund managers. What’s more, he thinks the complexities of markets over the…
All Things Buffett
…study, performed by Andrea Frazzini, David Kabiller, and Lasse H. Pedersen, examined Buffett’s long-term performance and found some interesting reasons for his success, namely a tendency to bet on “low-beta”…
Time For An Oil Rebound?
…we’ve had nearly two years since oil prices started falling, and about a year and a half of them being under $60 a barrel. In other words, much lower prices…
Diversification & Rock Bottom Valuations In the Third Pillar
…Third Pillar. Arnott explains that a three-year bear market in Third Pillar investments has impacted investors’ outcomes and outlooks. Although the fund’s 7% loss from 2013 to 2015 is significantly…
How Will Increasing Passive Investment Affect Market Efficiency?
…decade.” The graph below illustrates the change. He suggests that the development may result in part from “the power of the idea itself,” which connects with the efficient markets hypothesis…
Is The Growth/Value Pendulum Swinging?
…index funds, most of which are market-capitalization weighted and thus overweight overvalued stocks, has also created a cycle in which pricey stocks get pricier and pricier, he says. But growth’s…
IVA's Charles de Vaulx on Global Economy, Markets, and Value Investing
…very poor in many high-yield and distressed situations.” He observed that investors now also realize that lower oil prices act “as a major tax cut for consumers” by lowering inflation…