Among the more notable studies published in recent years was a paper by Hendrik Bessembinder titled “Do Stocks Outperform Treasury Bills?” His key finding: Between 1926 and 2016, just 4% of all stocks accounted for all of the net gains in the U.S. market. The other 96%, as a group, delivered returns [...]
Measuring progress
As we head into year-end, many are cheering the market’s returns. The S&P 500 has gained nearly 25% and now sits only a hair below its all-time high. Bonds are also looking more attractive, with yields at 15-year highs. As a result, many investors are feeling a whole lot better about their [...]
To invest in commodities
This week, someone asked me if he should own pork bellies in his portfolio. While he was kidding, this does get at a real question: Should you own commodities? Those who favor investing in commodities typically cite two benefits: First, commodities are seen as a bulwark against inflation. This is [...]
Five Roads
No question, managing an investment portfolio can be tricky. On the one hand, you want to have stock market exposure to help drive growth. But on the other, it’s agonizing when the market drops 30% or 50%—or more—as it’s done on several occasions. How can investors strike the right balance? Like [...]
The legacy of Harry Markowitz
Those who live very long lives sometimes face an unfair irony: The accomplishments of even towering figures can lose their luster over time—not because they’re proven wrong but because the ideas they developed become so widely accepted that we forget they were once new. The investment world lost one [...]
- 1
- 2
- 3
- …
- 9
- Next Page »
