perspectives

Backgrounder: Finology - where investing meets investors

This Backgrounder introduces the most important ideas within the emerging (and converging) research field that is finology, and some of applications to managing client portfolios.

PortfolioConstruction Forum White Paper

perspectives

5 key takeouts: Conference 2014 Finology Forum (where investing meets investors)

Last Tuesday, as the first day of our annual Conference program, we hosted the first annual Finology Forum. Our particular focus of finology was as it applies to the giving of investment advice.

Angela Ashton, PortfolioConstruction Forum Key takeouts

perspectives

Russia's Eurasian vision

The escalating conflict in Ukraine has focused attention on a fundamental question: What are the Kremlin's long-term objectives?

Nouriel Roubini, Roubini Global Economics Opinion

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Opportunities and challenges in a less US-centric world

We've come to accept a world where the US drives what happens in the global economy and markets. But that's changing - with significant implications for portfolios.

Dominic McCormick, Select Asset Management Opinion

perspectives

The global obsession with US data

Since 2010, there has been an almost perfect correlation between the strength of the US economy and stock markets outside the US. But this is set to diminish.

Anatole Kaletsky, GaveKal Opinion

perspectives

Shiller CAPE - terrible but valuable

After two decades of elevated earnings and P/Es - and two bear markets but also three astonishing bull markets - many are questioning whether Shiller CAPE is all that predictive.

Michael Kitces, Pinnacle Advisory Group Opinion

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Life after zero

Risk assets are grinding higher and volatility is extraordinarily low - and monetary stimulus is still plentiful. What does life after zero (rates) look like?

BlackRock Investment Institute Opinion

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The 5% solution

Going forward, instead of 5% real, traditional stocks and bonds will offer about 2.5%. But there are many things you can do to bridge the gap.

Cliff Asness, AQR Capital Management 1 comment Opinion

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The case for a structural equity bull market

Are equities at the end of a five-year cyclical bounce or the start of a 15-year structural breakout? History suggests two contradictory answers.

Anatole Kaletsky, GaveKal Opinion

perspectives

Booming until it hurts?

Those who warn of grave dangers if speculative price increases are allowed to continue are right, even if they can't prove there is cause for concern.

Robert J. Shiller, Yale University Opinion

perspectives

Summer essays

Investing can and often is intellectually compelling. But it should not be driven by excitement, as it is for many individuals.

Jeremy Grantham, GMO Opinion

perspectives

Market cap-weighted bond indices - always tough to beat

It is not surprising that bond managers have significant difficulty in outperforming a market cap-weighted benchmark.

Michael Furey, Delta Research & Advisory Opinion