Five Questions: The Future of Asset Management with Meb Faber

Asset Management has become a more challenging place to make a living in the past decade. On the strategy side, alpha has become much more difficult to generate, as skill within the industry and computing power have risen and factor-based strategies have become more widely available. On the business side, falling fees and increasing market share for the largest players have made it very difficult for smaller firms to compete. But despite that, some smaller… Read More

Five Questions: Tackling Some of the Toughest Questions in Investing with Michael Mauboussin

By Jack Forehand, CFA (@practicalquant) There are many skills that can benefit you as an investor. Being smart is certainly an asset, although it can also get you in trouble if you don’t know your limitations. The ability to control your emotions is also a huge plus. But I think the most important skill may be the ability to think critically. Having a process you use to view the investing world through and following that… Read More

New ETFs Face Nasty, Brutish and Short Lives

An article from Bloomberg columnist Barry Ritholtz shares insights he gathered from industry professionals at the Inside ETFs conference held in February. “New exchange-traded funds must endure a brutal Darwinian struggle for attention and assets,” he wrote, adding, “To attract enough capital to survive amid the competition, new ETFs need a good investment idea and a catchy marketing approach.” Ritholtz shares Bloomberg Intelligence data showing that, over the past five years, 1,050 ETFs have launched… Read More