Here’s a fun fact – over the last ten years, the S&P 500 has gained 95% while the Emerging Markets index has gained just 11%, a horrendously bad decade for any asset class. But things are changing. My friend Ari Wald (Oppenheimer) spots what has the potential to become very big news for investors with…
Joshua M Brown
QOTD: Vanguard’s Next Challenge
Outgoing Vanguard CEO Bill McNabb seems to be going out on top. Not necessarily at the top, but perhaps fairly close to it? Buckley, who takes over next year, is coming in at a decidedly different moment than when his predecessor took the reins in 2009.
This Week on TRB
These were the most read posts on the site this week, in case you missed it:
Ser Jaime wildin’ out on the JPM conference call
…and I am here for it!
Chart o’ the Day: LOL-atility
Mike’s like “If I told you at the beginning of this year we would have massive political volatility from a starting CAPE of 28, you would probably be like ‘Oh s*** there’s going to be a ton of stock volatility too!’ But that’s actually not what’s happened at all.” Okay, I paraphrased him, but read…
The Immortal Irishman: My Reaction
Every once in awhile, you come across a book that you wish would never end…
QOTD: When Your Interest Earns Its Own Interest
I worship at the altar of compounding. You should too.
Bitcoin vs the Classic Bubbles of Yesterday
Chart
Sign of the Times
Could this announced product signify a bottom?
Superficiality
You’ll often hear a pundit make the comment that “earnings should be strong” for this sector or that market. It’s meaningless absent the context of expectations. If earnings are strong, but the market expects them to be strong, then this pronouncement has not only zero value for the listener, but probably negative value. This sort…
