Active ETFs: Just the Beginning
There was lots of news recently centering around PIMCO's decision to launch an actively traded ETF version of their flagship Total Return Fund. This...
Bubbles vs. Paradigm Shift
This is a really interesting piece from the bubblemaster himself (330 and counting).
Time to Wake Up: Days of Abundant Resources and Falling Prices are...
The Biggest Urban Legend in Finance
From Arnott, The Biggest Urban Legend in Finance:
"A 30-year stock market excess return of approximately zero is a huge disappointment to the legions of...
Trendfollowing in the 1800s
Nice post here that traces the phrase "“Cut short your losses,” – Let your profits run on”:
How to Pick Mutual Funds: The Netflix Prize for Improving Morningstar’s Star Rankings
While most mutual funds underperform a simple index (and the vast majority underperform after tax), does that mean one cannot build a metric that...
Currency Trading
I can't think of an area of investing individuals know less about than currencies. (As an aside: We are currently writing a paper on...
A Few Links
I enjoyed getting all the emails from people claiming their assets back from the state governments this week. One of my favorites was the...
