Are Value Stocks Dead? Ep #132
The theoretical support for value investing is longstanding—paying a lower price means a higher expected return. However, realized returns are volatile. A 10-year negative premium, while not expected, is not unusual. But history also tells us that changing course after a disappointing spell for known premiums can lead to missed opportunities. When those drivers of…
3rd Quarter 2019 Stock Market Review, Ep #131
The ONE Thing You Need to Teach Your Adult Children! Ep #130
A Tale of Two Decades, Ep #129
The first decade of the 21st century, and the second one that’s drawing to a close, have reinforced for investors some timeless market lessons: Returns can vary sharply from one period to another. Holding a broadly diversified portfolio can help smooth out the swings. And focusing on known drivers of higher expected returns can increase…