…they usually mean some kind of complicated hedging strategy. Over the years, I’ve investigated a lot of options strategies, and while I haven’t found anything interesting, one strategy shows why…
…about it, regardless of your answer. In simple terms, an efficient market quickly incorporates news and information into prices. It’s easy to find examples of market inefficiency, like when companies…
September will mark the 25th anniversary of the failure of the massive hedge fund, Long-Term Capital Management (LTCM), and my podcast feed is filling up with retrospectives. One podcast featured…
…true too: stocks that have underperformed in the recent past tend to underperform over the short run. Just as researchers split the market into deciles to understand how different company…
…writing about small cap, but the same thing applies to our other strategies like value, momentum and quality, which is why we diversify across strategies in the US and overseas….
…that the largest competing index fund, which won’t be adding mainland Chinese stocks, isn’t performing as well as Vanguard’s emerging markets fund, so we can say with confidence that Vanguard…
…invest in the bond market, and the drawdown history (shown in yellow) is quite different than for stocks or commodities. Bonds have endured losses, but nothing like stocks or commodities.…
…that Bloomberg tracks, only one sees a contraction in the coming four quarters. Most are anchored around 2.5 percent, which is slow but positive. There appears to be some divergence…
…file a complaint, bad deeds are likely to go unpunished. A lot of complaints are settled privately without any regulatory authorities and when a firm settles with an aggrieved client,…
…investor! Glancing at the holdings, I recognized some of the companies, but most of them are mid cap companies. There were a few large cap stocks, but among the 80…
