The Investment Company Institute (ICI) began tracking flows into equity funds in 2007 which I have overlaid with the investor psychology cycle. In this manner, you can witness investor behavior in “real time.”
Goldman Sachs: 6 Reasons the Stock Market isn’t a Bubble
The recent dip in the stock market has people talking about a bubble and a potential big decline in the market again.
Is Active Investment Management Dying?
This piece at FactSet asked an important question: “is active investment management dead?” As more evidence of the difficulties of active investment management points investors in the direction of “passive” funds, we have to wonder if active investment management is beginning to die off. I don’t think so. Here’s why.
Pragmatic Capitalism – First Reviews…
Some of you may already know this, but my first book “Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance” is set to publish in July. We’re still in the late stages of production, but some of the first reviews are trickling in. This one is from Publisher’s Weekly:
Three Things I Think I Think
I’m pretty sure I think all of these things. Let me know what you think you think about the things I think I think.
Robo Advisors – Awakening a Giant for the Benefit of All
A lot of people have started asking me about some of these Robo Advisor services like WealthFront and Betterment in recent months. I’ve started digging into the businesses in more detail, but while I am in the process, I did want to pass on some pretty cool news from Vanguard – they’re getting into the game also.
Not Everyone in Finance has Their Head Buried in the Sand….
Paul Krugman asks an interesting question this morning:
Revisiting Price Compression
Price compression is when market participants price in many years worth of future performance into the current price. They are, in effect, buying today with the expectation that future earnings will justify current prices.
Investors Want More…Investment
why aren’t corporations actually pouring more money into their own firms as opposed to just handing it back to shareholders?