Love Him Or Hate Him, Keynes Could Pick Stocks

John Maynard Keynes’ economic principles have been the subject of intense debate over the past few years. But in a recent column for The Wall Street Journal, Jason Zweig notes that one thing not up for debate is Keynes’ remarkable track record as an investor. What’s particularly interesting, Zweig says, is that Keynes’ struggled as an investor early in his career when he based his decisions on macroeconomic factors. But later on, when he focused… Read More

More On Inflation And Asset Allocation

Last week, we highlighted a MarketWatch column that referenced a new study showing that stocks, against conventional wisdom, have actually served as poor hedges during periods of marked inflation. But a closer look at the study shows that that is far from the whole story. The study was performed by Elroy Dimson, Paul Marsh, and Mike Staunton of the London Business School, who over the years have performed some of the most in-depth research ever on… Read More

Are Stocks Really A Good Inflation Hedge?

Conventional wisdom is that stocks are a good hedge during inflationary periods. But some prominent financial researchers say the belief is off the mark. “When inflation has been moderate and stable…equities have performed relatively well,” Elroy Dimson, Paul Marsh, and Mike Staunton of the London Business School write in the 2012 Credit Suisse Global Investment Returns Yearbook, according to MarketWatch’s Howard Gold. “When there has been a leap in inflation, equities have performed less well… Read More