I had dinner at my friend Alan’s house earlier this week. You could call it a mini-housewarming party. With a baby on the way, he and his wife decided to upgrade their house in anticipation. They’ve finally settled in, and I was their first non-family guest. It might as well be a castle. Four-car garage, swimming...Read More
As we close out 2019, it’s time to look ahead to see what we can expect from the stock market over the next decade. I want to be crystal clear here… there is no perfect, foolproof stock market indicator. No one knows with any degree of accuracy what the market will do over the following year....Read More
I read a headline this week that left me shaking my head in disapproval. In a grandiose display of high-minded social responsibility, Japan’s Government Pension Investment Fund, the world’s largest pension plan, decided to ban the shares of the stocks it owns from being borrowed by short sellers. (In order bet against a stock by selling...Read More
Active portfolio management is dead, killed by the superior performance of cheaper stock index funds. Or is it? In Return if the Active Manager, C. Thomas Howard and Jason Apollo Voss make the case that active management may actually be on the verge of a major comeback. As recently as 2009, active mutual funds enjoyed a...Read More
I have a library. And you should have one, too. I’m proud of the collection of books I’ve collected over the years. A good chunk of my library is dedicated to investing, economics, and other money-related topics. It is my job, after all. But I also have an entire shelf of literature dedicated twentieth century Spain, and...Read More
