We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review Big Picture & Fast Facts Click here to read the issue: Q2 2019 Portfolio Insights
I’ve written about David Swensen and the Yale Endowment several times over the years (here and here, for example) because i find both fascinating. I first learned about Swensen in 2005, when he was heralded ‘Yale’s $8 Billion Man’ upon the 20th anniversary of taking over the endowment. The performance during that period was remarkable: 16.1 percent versus the S&P 500, which earned 11.9 percent during the same time frame. … Read More
Over the years, most of the Daily Insights that I’ve written are about investing, financial planning or, less frequently, economics. I don’t think I’ve ever written about the people hire financial advisors – mostly, because I can’t come up with much of an answer other than a generic statement about ‘peace of mind’ or describe why my most recent client hired me. Now, though, I’ll have a better answer, thanks… Read More
We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review The Most Powerful Man in the World Rethinking Bear Market Definition The Big Picture & Fast Facts Click here to read the issue: Q1 2019 Portfolio Insights
We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review At Lease We Didn’t Do Alternatives Yield Curve Inversion The Big Picture & Fast Facts Click here to read the issue: Q4 2018 Portfolio Insights
We are pleased to provide a digital copy of Portfolio Insights, our quarterly newsletter. Table of Contents: Stock Market Summary Bond Market Review Remembering Lehman Brothers As Good As It Gets? The Big Picture & Fast Facts Click here to read the issue: Q3 2018 Portfolio Insights
Around this time last year and in the months to follow, you’d be hard pressed to find a news site, especially in the financial realm, that did not have an article about bitcoin or some other form of crypto currency or blockchain. Today, you’ll still see an article here or there, but by in large, the hype has subsided. As we approach the 10-year anniversary of the publishing of bitcoin’s… Read More
Five years ago, at the five-year anniversary weekend remembering the collapse of Lehman Brothers, I wasn’t ready to deal with the bad memories of that terrible time. Granted, what happened 10-years ago in financial markets was not like being in a war, a natural disaster, sick with a terrible disease or the victim of a terrible crime, but it was still upsetting to me (no doubt because I live in… Read More
Every day brings another headline (or Presidential tweet) about escalating trade tensions between the US and the rest of the world. What impact could these tariffs have on the bond market? The most popular narrative is that prices may increase due to tariffs being passed through to US consumers. Higher inflation should lead to higher long-term rates and the potential of a more hawkish Fed. This “cost-push” view of inflation… Read More
I feel as though I’ve written this article a few too many times: value investing is struggling. Pioneered by Warren Buffett’s mentor Benjamin Graham, value investing is the method of buying stocks inexpensively, with the hope that the current problems that’s causing the cheapness pass, and the stock will rebound sharply. Decades into Buffett’s illustrious career, finance academics found that the process of buying cheap stocks led to higher than… Read More
