Upcoming Travel: Newport, Denver, Vancouver, Chicago, Vegas, Caymans
I will be traveling to the following places in the next few months to give a talk or sit on a panel, stop by and say hello!
June 26-28th, IMN, Dana Point, Free passes for investment folks (email vince.kennedy@imn.org)
July 11-13th, Private, Denver
September 6th, Speech, Vancouver
September 8th, Morningstar, Chicago
September 19th-21st, Stansberry, Las Vegas
October 13th, Investment Forum, Grand Caymans
November 5th, AAII, Orange County
November 17th,...
Institutional Investors are Delusional
I was skimming this recent publication from BNY Mellon and FT remark when a particular graphic caught my eye. Below is a survey from 400+ real money institutional respondents (we're talking endowments, pension funds, insurance companies, and sovereign wealth funds). This is their estimate of the net returns they will receive from their hedge funds:
1% say 6-8%
32% say 9-11%
30% say...
Future Returns Arnott Looking Great for US Stocks
I sat in on this speech of Arnott's, and as usual great work. He touches a lot of ground, well worth watching! One of my favorite references was to "over-rebalancing" to value.
View presentation on Vimeo here.
SPRING MIXER: RIAS, FAMILY OFFICES AND WEALTH MANAGERS
Come on out and grab some beers with some other local investors in LA next week:
SPRING MIXER: RIAS, FAMILY OFFICES AND WEALTH MANAGERS — BONUS SPEECH: THE FUTURE OF WEALTH MANAGEMENT
Wednesday, 4:30 pm - 7:00 pm
Location: Shutters on the Beach
1 Pico Blvd.
Santa Monica, CA 90405
Which Institution Has The Best Asset Allocation Model?
If you’re like most investors, you’re asking the wrong questions.
I was chatting with a group of advisors this week down in La Jolla and a question arose. I'll paraphrase:
"Meb, thanks for the talk. We get a steady stream of salespeople and consultants in here hawking their various asset allocation models. Frankly, it can be overwhelming. Some will send us...
Do As I Say, Or Do As I Do?
I include this chart in most of my speeches on asset allocation as it shows just how wrong the crowd can be at EXTREMES. People were most bullish in literally the worst month ever, and most bearish at the exact BOTTOM.
Why they are all so bearish now I have no idea. It is in the bottom 3% of all...
