Hedge Funds Miss Mark
Hedge funds began 2015 coming off their sixth-straight year of trailing U.S. stocks (as measured by the S&P 500 Index) by significant margins. And for the 10-year period ending 2014, one that included the worst bear market in the post-Depression...
Is It Time to Raise Cash?
A recent article in The Wall Street Journal contained a headline that very likely frightened many investors — and in my opinion, that’s precisely what it was meant to do. Otherwise, why inform investors that “U.S. public pension plans and...
Investors: Keep your itchy finger off the trigger
How about that 550-point intraday dive last week in the Dow! Did that finally get you to sell? Or was it one of the many headlines about the trillions of dollars that have been wiped out of the stock market...
Final Investor Lessons From 2015
So far, we’ve covered seven important lessons that the market taught investors in 2015 about the prudent investment strategy. These lessons, some of which repeat year after year, have addressed active management as a loser’s game; the correlation between the...
The Smartest Path For Investors in 2016
2016 Roadmap For Dealing with Stockbrokers Read the rest of the article at The Huffington Post.
Saying No, So You Can Say Yes When It Matters
I have a problem: It’s really hard for me to say no to new, exciting projects. If you’re doing creative work at all (and I’m using this term very broadly, so that should mean just about everybody), then you’ve probably...
A Laundry List of Excuses for Active Managers
As sure as the sun rises in the east, at the start of each year, you’ll hear from “gurus” appearing in the financial media that this year will be a stock picker’s year. And as sure as the sun sets...
