WhatNewNormal – DFA Recently a client was solicited by another investment advisor with the pitch that our fully diversified approach would no longer work because we are in a stock market of “the new normal”. This reminded us to dust off … Continue reading
Monthly Archives: August 2012
Survivorship Bias
Survivorship Bias_ Effect on Fund Performance Data – WSJ.com If you want to understand what survivorship bias is, read the attached short article. TFM
STOCKS FOR THE MEDIUM RUN
StocksForTheMediumRun-DeLong It is not possible to predict what the stock market will do tomorrow, next week, next month or next year with much liklihood of being correct. Even J.P. Morgan when asked what the stock market was going to do … Continue reading
