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Category: RIGOR

The Problem With Macro

On any given day, 20 or 30 or 40 world-renown investment veterans argue eloquently for almost exactly opposing opinions regarding the future of any number of trends. If 50 plus years of academic research evidence that a trivial percentage of investment managers are able to consistently justify their fees, how is it that many advisors/brokers still construct portfolios on the basis of their “educated” guesses?

“Conservative” Is Not So Conservative Anymore

The dot.com crash and 2008/09 crises proved traditional diversification a failure. It took over 6 years for equity indexes to recoup the 2008/09 losses; Now there’s talk of expensive valuations across asset classes, all driven by the same factor: experimental monetary policies.