One of the more common responses to the fact that inflation is low is the idea that the inflation is all in asset prices. So, for instance, if someone were [ … ]
Category: Most Recent Stories
Timing the Market is Hard
It’s February of 2016 and the stock market has rallied over 250% off the 2008 lows in an almost uninterrupted bull market. But some cracks appeared to be showing. China [ … ]
These Are Not Good Indexing Criticisms
As indexing becomes more and more popular it is also coming under increasing fire. I’ve written a lot about some of the more common indexing myths, but I also wanted [ … ]
Yeah, That Debt Article Was Kinda Bad….
John Cochrane is upset that people didn’t like his article about how the US government is about to encounter a debt crisis. I love Cochrane’s finance work. But he seems [ … ]
Why Does the Rebalancing Bonus Work?
One of the best parts about Twitter is that you can follow super smart people and just read their interactions. For instance, yesterday I was creeping on Jeremiah Lowin, Jake [ … ]
The Most Important Investment Factor – Behavior
I used to think that beating the market was the only thing that mattered when it comes to investment returns. Then, after a few bear markets I began to realize [ … ]
Wisdom on Real Returns
Tadas Viskanta put together a great compilation of thinking about future real returns. I was included in this “financial blogger wisdom” series which makes a lot of sense because my [ … ]
2 Thoughtful Concerns on the US National Debt
Greg Ip, Chief Economics Commentator at the WSJ, recently had some thoughtful comments on the national debt: “There are at least two reasons [the growing debt] matters. First, when the [ … ]
3 Tips to Avoid the Active vs Passive Trap
As financial products evolve into increasingly automated and systematic strategies I have begun to notice a big problem – fund managers are increasingly referring to their strategies as “passive”. It’s [ … ]