Investors: Beware the Gambler’s Fallacy
This blog is from our August issue of Portfolio Perspectives. When you look at the annual returns for the S&P 500 index for the past eight years as displayed in the table below, what do you... Read more
What if Rip Van Winkle Invested in the U.S. Stock Market?
This is an updated version of our August 2014 Portfolio Perspectives. Nearly 200 years ago, the American short story “Rip Van Winkle” became an instant classic. The main character, Rip, is a simp... Read more
What Are You Aiming For?
This article is featured in the summer edition of our 360 Insights Quarterly Client Newsletter. When you look at the returns of a variety of asset classes over the past 15 years, it’s hard to fin... Read more
Markets Reward Long-Term Investors — Most Stocks Don’t
This blog is from our June issue of Portfolio Perspectives. The fundamental value proposition of active management is that skilled managers can successfully pick winning stocks (and avoid poor pe... Read more
- Putting the Recent Market Volatility in Perspective “Sell everything... We think investors should be afraid...
- Volatility Clustering FAQ What is volatility? Volatility is the rate at which...
- Hindsight is Clearer Than Foresight This article is featured in the winter edition of our 3...
- The Effect of Diversification <!----> This blog is from the May issue of Por...