Inflation and the Price of Milk
…know the price of milk?!’ Truth be told, I don’t know the price of milk, and I drink a lot of it. Maybe that’s why I don’t know the price;…
…know the price of milk?!’ Truth be told, I don’t know the price of milk, and I drink a lot of it. Maybe that’s why I don’t know the price;…
…has fully inverted. As we have written in the past (here, and here), this matters because an inverted yield curve has preceded the past seven recessions. Currently, stocks and bonds…
…PE ratio is higher (20 vs. 17.5), which also affects the Shiller PE band. During this time period, you still see that stocks were deeply undervalued in the 1970s, the…
…talk about non-traded REITs. We like and use REITs (click here for more), but haven’t bought non-traded REITs. Traded or non-traded, REITs are simply companies that own commercial real estate…
…creates efficiency. There are some anomalies, like buying cheap stocks (value), but that’s not a free lunch, unlike the ‘textbook trade’ described in the story. This year, for example, value…
…transparency, we present a collaborative, personalized approach to investment management. We value honesty and personal relationships. When Acropolis was formed, any business structure could have been established. We chose to…
…or, in a perfect world, doing both. So far, we’ve looked at three equity factors: size (small companies tend to outperform large companies), value (cheap companies tend to outperform expensive…
…the first nine months of the year. Unfortunately, the company lost -$131.5 million during the same time period, which is a little worse than the loss of -$117 million during…
…just 70 well-informed ones (who don’t have an incredible record at predictions, incidentally). If they are right, and core inflation comes in between 2-2.5 percent over the coming decade, that…
Over the past five years, the hottest investments have all had the word ‘private’ in front of them: private equity, private credit, and private real estate. Private investments, or ‘privates’…