Blog | Mullaney Keating & Wright

MARKET TIMING - Advantis Investors has published an interesting piece on the futility of market timing at New Evidence Threatens Active Management.
INFLATION HISTORY - The current spurt of inflation is very similar to the post WW II inflation episode according to the Council of Economic Advisors blog Historical Parallels to Today’s Inflationary Episode _ The White House. This may be a movie we have seen … Continue reading →
INFLATION - Andrew Karolyi of the Cornell Business School and a consultant to Avantis Investors has published an interesting review of inflation history and the measurement of inflation expectations in Managing (Great) Inflationary Expectations. TFM
BEWARE MARKET GURUS - Larry Swedroe published an interesting piece on the (un)reliability of market pundits in INCOMPETANCE. TFM
A NEW LAW OF INVESTMENTS - Larry Swedroe of The BAM Alliance reviews the latest SPIVA report in Surprising SPIVA RESULTS and describes Dunn’s Law. I had never heard of this “law” before but it makes a lot of sense. TFM
WHY DIVERSIFY ? - Dimensional Fund Advisors has provided the best reason for diversification in How Markets Work and the FAANG Mentality without really saying so. tom
PRODUCTIVITY UPDATE - Northern Trust economists dig into productivity metrics in A Deep Dive Into Productivity. TFM
MUTUAL FUND PERFORMANCE PERSISTENCE - S&P Dow Jones Indices has published The Persistence Scorecard – Sept 2019 covering periods ending in 2018. It can be summarized with one quote “It is worth noting that only 0.91% of large cap and no mid-cap or small-cap funds managed … Continue reading →
PERFORMANCE of MUTUAL FUNDS - Dimensional Fund Advisors has just published their 2019 Mutual Fund Landscape_ Report. It details how few funds manage to beat their benchmarks over various investment horizons. The report is not as thorough and detailed as the Standard & Poors SPIVA … Continue reading →
PRICE DISCOVERY and ITS DISCONTENTS - Dimensional Fund Advisors has released The Index Bogeyman which puts to rest the critique that index funds distort the price discovery process. TFM