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


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


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


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


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


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


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


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


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


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


Investing in communicating about investing

As investment professionals, we live investing every day. We spend excessive time reporting and not enough 'rapporting.'

Prof Jack Gray, UTS 1 comment Opinion


Where investing meets investors

Three interrelated aspects of practically managing client portfolios - constructing portfolios using buckets, diversifying human capital, and the Withdrawal Policy Statement.

Michael Kitces, Pinnacle Advisory Group Resources


Behavioural finance vs standard finance

This paper is a great introduction to why behavioural finance is quickly becoming recognised as a field that can add real value to the wealth management industry.

Angela Ashton, PortfolioConstruction Forum Research


Using social proof to help clients make better decisions

If we're explaining a "norm" to clients that embeds a social proof, we should be using norms that show what is successful, not describing the commonality of failure!

Michael Kitces, Pinnacle Advisory Group 1 comment Opinion