Adapt or Fail
The previous article in this series discussed the ebb and flow of stock markets as they move through long periods…
0Buy and Hold? Dead Money.
At Butler|Philbrick & Associates, we don’t take anything on faith. Nor do we take expert opinions to heart, as we…
Timing the Bull
In prior posts (here and here) we examined the value of simple market timing systems in generating strong risk-adjusted returns…
Goldilocks and the Three Grizzlies
We have seen that a simple timing system can add substantial value to U.S. stocks over the long term, and…
Taming the Japanese Bear: Nikkei Case Study
The last post explored the efficacy of two simple strategies — a moving average approach, and a momentum strategy —…
Make Stocks Earn Their Way Into Your Portfolio
The investment industry has us pre-programmed to be fully invested all the time, for reasons we have discussed ad nauseum…
Newton’s First Law of Market Mechanics
“A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined,…
The Value Bias
I am perpetually mystified by the pervasive insistence by investment professionals that ‘value’ dominates ‘momentum’. This debate really comes down…
Harness The Human Condition to Achieve Financial Independence
In Behavioural Finance, Industry Illusions, Retail, Retirement, Systematic Investing, Tactical Alpha onThe last few posts (here and here) have injected a dose of reality into the debate around future return expectations…
Low Quality Rally
Many Advisors and fund managers have been complaining about how difficult it has been to beat their stock market benchmarks…
