The huge growth in index funds has caused some investors to debate the merits of the market’s “efficiency” and whether index funds would make the markets less efficient. The basic [ … ]
Category: Investment Strategy
Assessing the 2014 Robo Advisor Performance
There was no bigger story in the financial world in 2014 than the entry of the “Robo Advisors”, the automated investment services. I did a comprehensive review of these services [ … ]
Hedge Funds Stumble Across the 2014 Finish Line
2014 was not a great year for hedge funds as a whole. HFRI reported today that the HFRI Composite Index gained just 3.57% for the year. That was well below [ … ]
2014 Portfolio Review – What Strategies Worked & Didn’t Work
2014 is officially in the books. And while I don’t like to put too much emphasis on one year of performance, it’s always helpful to look at what has worked [ … ]
What do Passive Investors Really Mean by “Passive Investing”?
The term “passive investing” is actually a misnomer in the manner that most index fund investors use it. The reason why is simple. There is, at the aggregate level, just [ … ]
Jack Bogle – Active Investor in Passive Clothing
Well, it turns out that Jack Bogle is an advocate of active investing. Yes, the myth of the passive investor appears to be dying fast. In a recent Bloomberg article [ … ]
Beat the Average Investor by not Trying to “Beat the Market”
If we look at “the market” of financial assets from the 30,000 foot perspective then an obvious reality becomes clear – there is actually ONE portfolio of all outstanding financial [ … ]
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 [ … ]
The Myth of Passive Investing Begins to Unravel….
You know an idea is starting to go mainstream in the investment world when it hits the pages of the Wall Street Journal. I have been harping endlessly this year [ … ]