Why You Shouldn’t Trust Market Forecasts
STL Today columnist Jim Gallagher enlists Larry Swedroe to discuss some reasons why investors shouldn't trust market forecasts.
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MoneyZen Podcast: Discovering Our Authentic Careers — An Interview With Gur Tsabar
Manisha Thakor talks about joyful work and finances with Gur Tsabar.
ETFs A Double-Edged Sword
Larry Swedroe surveys the benefits and drawbacks of the rise of ETFs.
MoneyZen Podcast: Retirement Readiness
Retirement readiness in America: Manisha Thakor and Catherine Collinson of TCRStudies unpack the risks and trends.
Another Angle On Factor Diversification
Last week, we examined the data (from my new book, “Your Complete Guide to Factor-Based Investing,” which I co-authored with Andrew Berkin) on the odds that the premiums associated with some common investment factors would produce a negative return over various horizons. We then examined how constructing a diversified factor portfolio might impact those odds...
Election Revives Old Myths
The results of the U.S. presidential election not only surprised almost all the gurus who were saying that a Hillary Clinton victory was a sure thing, but also those forecasting that, if by some miracle Donald Trump won, a stock market crash was bound to occur. Prior to the election, I had received many inquiries...
The Perils Of Bargain Hunting
As I have been discussing in a series of articles (which you can find here, here and here), we now have a substantial body of evidence demonstrating that individual investors possess a preference for low-priced equities. This is anomalous behavior, because the level of a company’s stock price is arbitrary—firms can manipulate it by adjusting...
How Risk and Uncertainty Affect Stock Returns
Asset pricing models imply that equity portfolios’ time-varying exposure to the market risk and uncertainty factors carries with it positive risk premiums. Turan Bali and Hao Zhou contribute to the body of literature on this topic through the study “Risk, Uncertainty, and Expected Returns,” which appeared in the June 2016 issue of the Journal of Financial and...
