In response to the financial crisis, investment managers scrambled to find alternative strategies to soften total portfolio risk during extreme market drawdowns. Hedge funds, with…
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Hedging Equities with… Equities?
Closest Thing to a Fat Pitch in Investing
“Interest rates go up and down, stock markets boom and bust, but human psychology never changes. I believe that studying how people think about and react to markets—and particularly studying the most common mistakes investors make—can give us an edge...
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Over the 4th of July weekend I made it a point to unplug and reflect. I do some of my best thinking when I’m off…
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Fear Sells. Don’t Buy It.
I have a close relative that is debating taking a new job. The new position would be more favorable from a tax standpoint, commute time,…
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The Bond Market Doesn’t Believe the Fed
“Just remember that 10 of the last 13 Fed hiking cycles have been miscalculations that ended in recession.”– David Rosenberg, Chief Strategist at Gluskin Sheff….
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Valuation Matters, Except When It Doesn’t
“The market can remain irrational longer than you can remain solvent.” John Maynard Keynes, Economist The Shiller price to earnings ratio (CAPE) is a popular…
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Drive Your Managed Portfolio into the Ground
“Invert, always invert.” – Charlie Munger, the Vice Chairman of Berkshire Hathaway and Warren Buffett’s partner. Munger borrowed the idea of inversion from 19th century…
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The Rise of the Call Center Advisor
“If I were a single-digit millionaire tossed out of the “paradise” of private banking, I’d walk away from that bank altogether. They don’t want me?…
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The Danger of Mixing Politics and Investing
A dark cloud of geopolitical uncertainty hangs over the global equity markets (see our rational for investing in gold). Even if you wanted to ignore…
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The Allure of Gold
“I think that the 5-year bear market in gold is over and that we’re in the beginning of a new bull market and I’m very,…
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