S&P DOW JONES INDICES has just published SPIVA-Europe2014. The story is the same — it is very hard for active managers to beat their benchmarks measured in Euros, Pounds or Dollars. TFM
Author Archives: ws-admin
DECISION MAKING – SCIENCE or ART ?
Justin Fox, former editor of the Harvard Business Review, has written a nice piece in the May HBR about the history of decision making analysis entitled From Economic Man to Behavioral Economics. This is longer than most of my references … Continue reading
MUTUAL FUNDS – SIZE, SCOPE and PERFORMANCE
Dimensional Fund Advisors has just released its second annual report on The US Mutual Fund Landscape. Mutual Fund Landscape 2015 is attached for your review. TFM
ACTIVE vs PASSIVE SCORECARD
In Sunday’s New York Times Jeff Sommer reported on the “bakeoff” results reported by the S&P Dow Jones SPIVA Scorecard. The link is here STRATEGIES – Sommer. The complete report is worth a look. The link is here SPIVA US year-End … Continue reading
HARUSPICATION
The late John Kenneth Galbraith famously said: “The only function of economic forecasting is to make astrology look respectable.” Assuming he would not object to including financial forecasting and with a hat tip to The Motley Fool, I have culled … Continue reading
FED WATCHING
Reading the entrails of the often Delphic pronouncements of Federal Reserve chairmen is an high art. Tim Duy is the current master Fed watcher and in his Thoughts on Yellen’s Speech – Tim Duy’s Fed Watch he observes that the … Continue reading
WHAT IS WRONG WITH THE EUROZONE ?
Its not just Greece. In fact a good case can be made that the slow growth and threatened deflation in the Eurozone is mostly of German manufacture. The attached report Germany Rebalancing-Waiting for Godot from the Centre For European Reform … Continue reading
HALL OF MIRRORS
The full title of Barry Eichengreen’s magisterial (overused but valid here) comparative history of The Great Depression and the recent Great Recession is HALL of MIRRORS The Great Depression, The Great Recession, and the uses — and misuses — of … Continue reading
AN ECONOMIC NELLIE FORBUSH
Tim Duy is the pre-eminent “Fed Watcher” and his Fed Watch is normally about the entrails of Federal Reserve Open Market Committee meetings — interesting but very much “inside baseball”. His most recent post Yes, I am Optimistic – Tim … Continue reading
ROBERT SOLOW
Robert Solow developed THE model of economic growth. Today he received the Presidential Medal of Freedom. The attached An appreciation of Robert Solow – Washington Center for Equitable Growth describes his accomplishments and the importance of his insight. On the … Continue reading
