Where’s the Value?
The Value Premium While never guaranteed, the value premium has historically had a greater chance of being positive the longer the time horizon observed. Periods of underperformance can happen, but a consistent
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Despite Distractions, Economic Data Boomed Last Week
As the madness of Washington rolls on the S&P 500 attempts to climb the proverbial wall of worry to resume its nearly 10-year run!
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The Tao of Wealth Management
The path to success in many areas of life is paved with continual hard work, intense activity, and a day-to-day focus on results. However, for many investors who adopt this approach to managing their wealth,
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Protect Yourself Against Spearphishing
The Russian conspiracy to meddle in the 2016 presidential campaign relied on a common scam called “spearphishing.”
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A Little Mid-Year Food For Thought
What’s Next in 2018? The 2018 second quarter has come and gone, along with the usual mixed bag of “what next?” news. There were the typical ugly players such as potential trade wars and rising
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Signal To Noise Ratio Of U.S. Economy Is An Anomaly
Signals of economic strength are about as strong as they ever get, but so is the background noise.
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What You Pay, What You Get: Connecting Price and Expected Returns
It has been more than 50 years since the idea of stock prices containing all relevant information was put forth. Information might come in the form of data from a company’s financial statements, news
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Is Current Economic Growth Sustainable?
The U.S. unemployment rate dropped to 3.8% in May, as low as it’s been since 2000, and the economy added 223,000 new jobs, more than the 190,000 expected.
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The Impact of Inflation
This erosion of the real purchasing power of wealth is called inflation. Inflation is an important element of investing. In many cases, the reason for saving today is to support future spending. Therefore,
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Models, Uncertainty, and the Importance of Trust
Models are approximations of the world. They are simplifications of reality. Models can be useful for gaining insights that help us make good decisions. But they can also be dangerous if someone is overconfident
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