The Easiest Way to Beat the Market
Since 1972, would you like to know a magical way to beat the S&P 500 by 0.27% per annum?
Simple, just remove the largest stock.
Global Stock Market Valuations
Via The Idea Farm
Historical valuations for
US stocks
Foreign stocks
Cheapest 25% of countries
The World Market Portfolio
One of my favorite papers of the year from podcast alum Peter Oppenheimer at Goldman Sachs:
The research piece focuses on the Global Market...
I Got Hired By CalPERS!
Me presenting to the CalPERS board at the next yearly review
(volume up)
When to Sell?
You spent countless hours doing due diligence, digging through prospectuses, listening to podcasts, and reading some white papers.
You’ve crafted a plan and implemented...
A Few Investing Books
Here's a list of great investing books that somehow have fewer than 50 reviews!
Being Right or Making Money by Ned Davis
The Art of the Market by...
#20: “The Big ETF Shops Shut Down The Most Funds”
We often get questions from individual investors worried about my firm closing our ETFs. To which I respond "well we've only closed one ETF...
#19: “You Might Be Paying Annual Cap Gains On Your Mutual Fund Even If You Don’t Sell And It’s Down On The Year”
A lot of people don't realize this, but you could own a mutual fund, have losses on that fund, and STILL have to pay...
#18: “Your Asset Allocation Can Go A Long, Long Time Underperforming the S&P 500”
Most investors take an asset allocation approach to investing. They understand diversification will smooth their path vs. a stock-only benchmark like the S&P 500....
#17: “Global Stocks Have Better Risk-Adjusted Returns Than US Stocks”
US stocks have outperformed just about everything the past 125 years at about 10% per year. Astonishing.
A global portfolio (including US stocks) would have...
