Don’t Paint Yourself into a Corner with Overly Defensive Strategies

Popular strategies for hedging against deflation and hyperinflation are likely to be disastrous if the economic outlook grows more benign as we expect.

read more

A New Paradigm for Balancing Risk and Return

One of the greatest challenges facing money managers in the aftermath of 2008 has been how to balance the fear of loss against the need to take risk in order to generate positive real returns. Striking the right balance between them will, I believe, be the key to investment success in 2012.

read more

The Power of Diversifying by Investment Time Horizon

No portfolio is protective in all environments, but the best risk-management strategy is to maintain exposure to well-chosen investments and strategies with short, intermediate and long time horizons. Each group will be poised to outperform in different markets and in response to different investor moods.

read more

Will China Help Refocus the Market on the Long Term?

Many Americans fear that China may curtail its buying of Treasury bonds, which could drive up interest rates and slow economic growth. But less Chinese investment in Treasuries might be a blessing in disguise

read more

Investing in a Range-Bound Market

What do you do when equity markets are highly volatile within a relatively narrow trading range as a result of low levels of investor confidence? Keep a foot in both the contrarian and momentum camps.

read more

Beware of Crowded Trades

Trying to avoid a repeat of the last market disaster sows the seeds for the next one. The collapse of large growth companies after the tech bubble burst in 2000 led to strong leadership by small-cap value stocks for many years. And the market plunge in 2008 has led to investors’ crowding into a number [...]

read more

Archives by Month:

Archives by Subject: