Excess Returns with Momentum
“ the single largest inefficiency in the market. There are plenty of inefficiencies, probably hundreds. But the overwhelmingly biggest…
How to Beat the Market, and Why Most Investors Don’t
Despite the thousands of mutual funds and Advisors all purporting to offer a better approach to investing, it is universally…
It’s Nice To Have Options
In Asset Allocation, Retail onU.S. stock markets have dominated Canadian stocks to the tune of 7% to 9% so far in 2012, depending on…
2277 Stocks and Still Not Diversified.
The single greatest misperception we encounter with clients, and many Advisors as well, is the idea that material diversification can…
The Evolution of Strong Groups
Recently Falkenblog pointed to a study he came across in Jonathan Haidt’s book, The Righteous Mind, on the dynamics of group selection in evolution.…
Objective Function, What’s Your Function?
Conjunction Junction In between cartoons on Saturday mornings in the 1980s the networks would run educational vignettes about grammar and…
-1.6% Average Returns to U.S. Stocks Through 2020: O’Shaughnessy
Jim O’Shaughnessy is one of the good guys. In 1996 he authored one of the all-time great investment references, What…
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…
