Balanced Portfolios: Keeping it Real
In Industry Illusions, Retail onIt’s important for clients to understand what they’re getting themselves into with a typical balanced portfolio. The following charts show…
0Predicting Markets, or Marketing Predictions
Mark Twain suggested that it is better to remain quiet and be thought a fool, than to open your mouth…
Don’t Take Our Word For It
In Industry Illusions, Retail on“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” Upton…
Focus On What You Can Control
Andrew Ang has published online draft versions of some sections from his forthcoming book, Asset Management, and from what I’ve…
Dividend Delusions
Just a short post to highlight the frothy premiums currently being bestowed upon the ‘slow and steady’ blue-chip dividend stocks…
Excess Returns with Momentum
“ the single largest inefficiency in the market. There are plenty of inefficiencies, probably hundreds. But the overwhelmingly biggest…
Thank you for smoking.
The movie ‘Thank You for Smoking’ is about a spin-doctor who works for big tobacco. His job is to discredit…
Another Expert Bites the Dust
In Industry Illusions, Retail onWe have discussed ad-nausea the challenges of investment professionals adding value consistently over time via prediction (see here). This post highlights another example…
