Dimensional Fund Investors pays respect to the great Yogi in Déjà vu All Over Again in which DFA recounts the more recent history of investment fads. A longer look at history would gave included canals, railroads and radio. TFM
Author Archives: TomMullaney
DIVERSIFICATION
The benefits from diversification sometimes can be very elusive for extended periods of time. The last five years has been one of those times and significantly so. However, the potential benefits from world wide diversification of equity allocations are still … Continue reading
BITCOIN RIP
The estimable Nouriel Roubini bitcoin and its underlying technology in The Big Blockchain Lie. WOW! TFM
BOOK REVIEW
Brad DeLong reviews A Crisis of Beliefs by Andrei Shleifer and Nicola Gennailoa in Self Fulfilling Financial Crises which he adds to his short list of recommendations about the 2008 financial crisis. Although I have yet to read it, my high … Continue reading
LEAN YEARS AHEAD
The Congressional Budget Office just released An Update to the Economic Outlook: 2018 to 2028. The full 24 page report is sleep inducing but the 5 page Economic Outlook Update Summary is well worth some study. The CBO projects that real GDP … Continue reading
JUST LIKE WINE
Carmen Reinhart, along with her husband, has written a nice piece about the recent mid-scale revision to GDP data in When Economic History Improves With Time. Rates of growth and savings rates have been better than previously reported. That is … Continue reading
VALUE WILL OUT
The “value premium”, especially the large cap version, has experienced a serious drought for the past ten years. In the attached Where’s the Value the folks at Dimensional Fund Advisors point out that such extended periods of underperformance are not unusual … Continue reading
THE US TRADE DEFICIT
Neil Irwin of The New York Times provides a concise and clear explanation of what our trade deficit means and does not mean in what-is-the-trade-deficit. A bonus is his explanation of the dollar’s “exorbitant privilege” as the world’s reserve currency. TFM
MUTUAL FUND WORLD
Dimensional Fund Advisors has just released Mutual Fund Landscape 2018 an analysis the size, scope and performance of United States based equity and fixed income mutual funds. TFM
HARUSPICATION
Larry Swedroe details the poor track record of economic and market forecasters in the-track-record-of-market-pundits. TFM
