Why it doesn’t pay to chase fund performance
One of the most important investment decisions you make is in determining your asset allocation, or how you choose to divide your assets between risky and safe investments. Another key decision concerns which strategy to use when selecting the funds...
The Real Secret of Successful Investors
Historical market data are often misused by pundits who believe they can predict the future by looking at the past. Much of what counts these days as “financial news” is simply a parade of self-styled “pros” peering into their crystal...
Swedroe On Large-Stock Value Premium
Recently, we have seen a rise in the level of discussion about whether there is a significant value premium in large-cap stocks. The value premium is the tendency of stocks with low prices relative to measures of their value to...
The Shocking Admission of This Shuttered Hedge Fund Manager
It’s no longer surprising when hedge funds close their doors. According to a website that tracks hedge fund “implosions,” since late 2006, aptly-named The Hedge Fund Implode-O-Meter, at least 117 major funds at 71 fund families have shuttered. The sponsoring...
Stock Performance In A Recession
It’s now been more than five years since our last recession. This most recent recession, caused by the financial crisis, officially began in December 2007 and lasted until June 2009, a period of 18 months. It was the longest of...
Picking the ‘Right’ Hedge Fund Involves More Than Looking in the Past
Early in my career, I worked at a large brokerage firm. My job included answering calls from people with questions. One question kept coming up: What does your Individual Retirement Account return? The first few times, I thought it was...
Investing against the Odds, and the Facts
Earlier this summer, I was on a hike with a friend and mentioned that while we’d started at about 9,000 feet, we’d reach an elevation of 12,000 feet by the end of the trail. My friend replied, “That’s a fact...
Lessons In ‘The Happiness Of Pursuit’ From Chris Guillebeau
“People have always been captivated by quests,” writes author Chris Guillebeau in his brand new book, The Happiness of Pursuit. Chris, for one, is most certainly one of those people. His book celebrates the completion of a personal quest to...
Think Rightly
Today I’d like to take a look at some important concepts contained within Daniel Pink’s bestselling book, A Whole New Mind. His focus on the ascendance of right-brain thinking fits squarely into our continuing conversation about ways to best train...
