Valuation Based Equity Market Forecasts – Q2 2013 Update
In Retirement onWe endorse the decisive evidence that markets and economies are complex, dynamic systems which are not reducible to linear cause-effect analysis over short…
-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…
Estimating Future Returns: Update
In Miscellaneous onWe have added a new valuation metric to our model, namely the Total U.S. Market Capitalization to GNP ratio. Total…
Buy 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…