The Great Volatility Unwind

One of the reasons the past couple of years have frustrated so many professional investors is because of the lack of volatility. For most investors, volatility is a four letter word that should be avoided at all costs. But for others, volatility acts as a form of opportunity.

When Gurus Say Strange Things

John Bogle famously said that the most important lesson we can learn about Wall Street is that “nobody knows nothin!”  I have to admit that that quote has always bothered me.  Now, there’s a good chance that I don’t know nothin because I am one of the few people on Wall…

In Energy Revolution, Bond Investors Must Keep Their Heads

A surge in capital expenditures and leverage in the energy industry could end badly for some companies and their creditors. While select opportunities exist, we think bond investors should think carefully before they blindly bankroll today’s North American energy revolution.

Book Review: Money – Master the Game

I don’t usually review books, but when a book about money hits #1 on Amazon then it’s worth taking a look.  Money – Master the Game by Tony Robbins is a 600 page book about money that purports to provide the reader with the tools and understandings to become financially…

Louis CK on Risk Management

“I never viewed money as being ‘my money.’ I always saw it as ‘the money’. It’s a resource. If it pools up around me then it needs to be flushed back out into the system.” – Louis CK

The USA is Literally Falling Apart….

Good segment on 60 Minutes here exploring the very serious problem of America’s failing infrastructure.  Last week I noted that an infrastructure plan should be one of our “no-brainer” policy ideas.  If you want to see just how huge a problem this is then watch the 60 Minutes segment.  It’s…

Investing and the Intertemporal Conundrum

I went to see Interstellar last night.  I won’t ruin it for you, but if you’re in to things like time travel, intergalactic travel and space ships then you should probably go see it.  One of the central themes of the movie is relative time discrepancy.  Due to gravitational anomalies…

Avoiding The Recency Bias in Foreign Stock Markets

“International diversification might not protect you from terrible days, months, or even years, but over longer horizons (which should be more important to investors) where underlying economic growth matters more to returns than short-lived panics, it protects you quite well.” – Cliff Asness