“The large cap space is too competitive so active managers do a much better job in small caps, where their skills add value.” You’ve heard that before. A lot. Except it isn’t true. At least not over any length of time that actually matters. S&P Dow Jones Indices is out with their latest SPIVA Scorecard, with…

An interesting speculation on the part of UBS’s economists about oil this morning. The firm asks which areas of investment will be winners and losers should the price of oil rebound to $80 by the end of this year. They guess that there’s a 25% chance of this occurring based on past price swings… The…

Amazingly, it turns out that there are more homeowners over the age of 75 than there are among people in their 20’s and 30’s combined.

Is cash an investable asset class or not? I say it is not. Cash should be used as either an emergency fund outside of a portfolio (in a bank) or as a tactical position for those who choose to be tactical. But as a permanent sleeve of an asset allocation portfolio, we do not believe…

Lots of guys and gals went home this weekend thinking about the implications of the recent rise in the 10-year Treasury bond’s yield. Chris Kimble notes it was the biggest 5-week rate rally in twenty years!   So are we bumping along the bottom or is a new longer term uptrend in its nascent stages?…