Advantis Investors has published an interesting piece on the futility of market timing at New Evidence Threatens Active Management.
Mullaney Keating & Wright
Independent Investment Professionals
Category Archives: Expected Returns
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
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
PREMIUMS ANALYSIS
Dimensional Fund Advisors has just published Perspective on Premiums in which they analyze the history of premium under and over performance. A little wonkish but worthy of study. TFM
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
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
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