…credit quality relative to our inflation protected exposure (BBB- for this fund versus AAA for our fund), has high fees (0.95 vs. 0.20 percent), uses a lot of leverage (one-third…
…was emerging research that suggested that small cap companies outperformed large cap companies (read my primer on small caps here). Back then, the term ‘small cap’ didn’t even exist. Booth…
…Most of the cash machines were out of money (or ‘lefta telos’ as the signs on the ATMs say in Greek) when the ‘holiday’ was announced. The stock market will…
…Small-cap, and International stocks all trade with P/E ratios significantly lower than the S&P 500. So, when we hear that stocks are “rich,” what does that mean? How rich? Or,…
…out opportunities. In the meantime, regulators are looking into the ‘increasingly brittle’ bond markets. Who knows, maybe they’ll actually fix it this time, although I won’t be holding my breath….
…with well-known strategies like value (or size, momentum, credit, etc.), the answer would be quite difference. Of course, Shiller would agree. I doubt he’s given it a second thought, but…
…to focus today on the difference between ‘passive’ and ‘index.’ In my last paragraph, I was intentionally sloppy with my language and I’ll bet no one noticed. In the first…
…does the same thing for taxable, investment grade bonds, the MSCI EAFE tracks non-US stocks and the CRB Commodity Index follows commodity futures. Unlike stocks, bonds or commodities, hedge funds…
…the Shanghai stock exchange have a market value of about $3.99 trillion, the Shenzhen is about $2.23 trillion and the Hang Seng is about $3.33 trillion. By comparison, the NYSE…
…that is used to set LIBOR each day. To quote Andrew Bailey, CEO of the FCA, in a recent speech on the future of LIBOR, “in one currency–tenor combination, for…
