Offset low market returns
Stock Market

Four Strategies To Offset Low Market Returns

A lot has been said about the tremendous run-up in the stock market since the global financial crisis. Historically, the S&P 500 returned about 10% a year (nominal, with dividends included). Over the past decade, however, the returns are well into double digits: So […]

Stock market questions
Stock Market

How High Will The Stock Market Go?

On August 5th, 2011, representatives of the S&P rating agency announced their decision to downgrade their credit rating of the US Federal Government. To be fair, the S&P had clearly flagged their thinking earlier on, announcing a negative outlook back in April of the […]

The End Of Passive Investing
Stock Market

The End Of Passive Investing

In what is becoming a recurring theme, a long-time reader (let’s call him Bob) sent me a link to an article about passive investing the other day – and asked for my views. The article itself was unremarkable, a thinly veiled shill for an […]

Real path to wealth
Stock Market

A Tale Of Two Markets

Back in February, when a very prescient colleague of mine was busy liquidating his equity portfolio, a good friend of mine was going in the opposite direction. He and I had discussed investing in the past – and he had fully signed on to […]

Destruction of value
Stock Market

Destruction of Value

About ten years ago, I attended an investment conference that brought together students and faculty from a number of MBA programs on the East Coast. Eugene Fama was one of the keynote speakers at the event. This was a few years before he won […]

Your secret money weapon
Stock Market

How To Hack The Stock Market

Want to learn a guaranteed way to never, ever lose money in the stock market? Then today’s post is for you. Those who have read about the magic money machine will remember this graph: It’s a good representation of the random walk the stock […]

Stock Market

I Told You So

Back in late February (which now feels like a lifetime ago), a colleague and I were chatting about the stock market. The S&P had just gone down through the 3,000 mark. The said colleague, who happens to be a very thoughtful person, mentioned that […]