The financial crisis was not the primary driver of the market’s 50% collapse. The real 800 pound gorilla facing markets at the time was overvaluation.
Continue readingThe Non-credit Crisis
Asset Allocation: Logic and Math Behind Risk and Return
We discuss why the conventional definition of risk misguided and how traditional asset allocation strategies can systematically dampen long-term returns.
Continue readingDestroying Steady Income
By treating income as an ancillary concern at best, many funds and portfolio managers effectively destroy what would otherwise be steady income streams.
Continue readingMore Market Correction to Come
The recent spate of volatility in the global equity markets has caused some uproar amongst investors. We expect markets to fall another 30% or more before this correction is finished.
Continue readingIndex Investing: Low Fees but High Costs
Looking deeper into the mechanics and rules of index investing reveals subtle but real costs that can far outweigh the low advertised fees.
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