Investing

A Contrarian Conundrum…and Some Quotations

Who is the real contrarian these days? The Bears, who are dead right about how bad the economy is or the Bulls who are dead right for being long virtually every asset class, the riskier the better?  Perhaps the true contrarian is neutral right now, refusing to play either the economic weakness or the markets’…

Investing Fads and Themes by Year, 1996 to Present

Take a trip down memory lane with me, if you would, and maybe even have a chuckle at your own expense. After all, at one point or another, we’ve all been caught up in a few of these over the years. Here is Investing Fads and Themes by Year, 1996 to Present It’s right around…

Invest Like the Beatles

The Beatles have just released a box set, containing each of their albums digitally remastered.  That their music stands up so magnificently some four decades later is remarkable and I believe that there are lessons in this legacy for investors that we’ll explore below. What made The Beatles so enduring was not just the talent…

Proof that the Yokels are Back in the Market

Anyone who needs proof that the knuckleheads and amateurs have returned to this stock market in full force need look no further than Wall Street’s official retard watering hole, the Yahoo Finance Message Boards. It’s not that there’s nothing at all worthwhile ever on the boards there…it’s just that sometimes it feels that way.  Especially…

Risk and Reward in Emerging Markets

In discussions with clients and prospective clients, one question routinely comes up, regardless of market conditions:  “How much emerging markets should I have?” or some variation. I thought this article by Gregory Zuckerman from the Wall Street Journal this morning did a good job of summarizing where these markets are performance-wise and how they stack…

James Montier Mauls the Efficient Market Hypothesis

“The EMH also teaches us that opportunities will be fleeting as someone will surely try to arbitrage them away. This, of course, is akin to the age old joke about the economist and his friend walking along the street. The friend points out a $100 bill lying on the pavement. The economist says, ‘It isn’t…