John C. Bogle is without a doubt one of the most listened-to experts on mutual funds in the world. And he should be. Having created the massive Vanguard fund complex and written eight books on the topic, the depth of his knowledge is unmatched. Bogle was maybe the first, and has consistently remained for decades, a [...]
Archive for August, 2010
John Bogle on Morningstar and Costly Funds
Posted in Low Cost Investing, Mutual Funds, tagged dividends, John Bogle, low-cost funds, Morningstar, mutual fund expenses, Vanguard, Vanguard's Bogle Financial Markets Research Center, Wall Street Journal on August 31, 2010 | 1 Comment »
Shiller: Double Dip, yes. Bond Bubble, no.
Posted in Bonds, tagged Behavioral Finance, Bond Bubble, Double Dip Recession, GSPC, Robert Shiller, TNX, Treasury bonds, Wall Street Journal on August 30, 2010 | 1 Comment »
If hindsight is 20/20, maybe current perception is more like 50/50. Loads of economists and other experts have recently declared that the bond market has swelled into an unsustainable bubble. Wharton’s Jeremy Siegel among them. But Yale professor Robert Shiller, an expert in bubbles and the author of Irrational Exuberance, isn’t convinced.
Bernstein, Bogleheads, and the Permanent Portfolio
Posted in Diversification, tagged Bill Bernstein, Bogleheads, bonds, defensive investing, ETF, GLD, gold, Harry Browne, PRPFX, The Permanent Portfolio, Treasury bills, William J. Bernstein on August 27, 2010 | 4 Comments »
A recent piece by Bill Bernstein on Harry Browne and his “permanent portfolio” has launched an interesting debate on the Bogleheads board.
Yale’s Goetzmann on Real Estate in the 2000s and the 1920s
Posted in Markets, tagged Bond Bubble, bonds, bubble, Commercial Real Estate, market cycles, Real Estate, securitization, toxic securities, William Goetzmann, Yale on August 25, 2010 | Leave a Comment »
Yale Professor William Goetzmann draws a parallel between the commercial mortgage-backed securities of recent years, and a real estate bond boom in the 1920s. A boom he argues led to the stock market crash of 1929. “By nearly every measure,” he and his co-author notes, “real estate securities were as toxic in the 1930s as [...]
Jeff Ma, Arthur Levitt and Investor Gambling
Posted in Diversification, Long-term investing, tagged Arthur Levitt, Blackjack, Citizen Sports, Gambling, Jeff Ma, MIT, SEC on August 24, 2010 | 1 Comment »
Jeff Ma knows a good bit about gambling, and he says that’s just what investing is, gambling. The twist: for his money, long-term, diversified investors are the smart betters. That’s because they do three good things:
Fox’s Gerri Willis: Don’t Get Too Conservative
Posted in Retirement, tagged CNN, Fox Business, Gerri Willis, Real Estate, retirement, Savings, Taxes on August 23, 2010 | 2 Comments »
Yesterday the New York Times ran a front page piece about how risk-averse investors have become. Long-time personal business correspondent Gerri Willis warns against becoming too conservative. Willis was CNN’s face of personal finance for many years. Now she hosts her own shows The Willis Report at 5PM EST on Fox Business Network. She calls [...]
Jeremy Siegel says we are in a ‘bond bubble’
Posted in Bonds, tagged Bond Bubble, Bond Funds, bubble, diversification, Fear Index, Jeremy Siegel, Low Cost Investing, Stocks For The Long Run, VIX, Wall Street Journal, Warren Buffett, Wharton on August 20, 2010 | Leave a Comment »
Jeremy Siegel, Wharton professor and author of well-known Stocks For The Long Run, published an article this week in the Wall St. Journal saying that we are in a bond bubble. Bubbles are periods of irrational price appreciation in an asset class, followed by a return to rationality when everyone heads for the door and [...]
Behavioral Finances’ Daniel Kahneman Speaks
Posted in Behavioral Finance, tagged Behavioral Economics, Daniel Kahneman, Experience, Happiness, Memory, TED on August 19, 2010 | 3 Comments »
Often called the father of Behavioral Economics, Daniel Kahneman started studying human behavior in the 1950s during a stint in the Israeli Army. Over the course of his career his curiosity took him into many areas, and his pioneering work on behavioral finance earned him a Nobel Prize in Economics in 2002. The announcement of [...]
Chinese Bubbles
Posted in Global Investing, tagged Bubbles, China, China Real Estate bubble, China's Middle Class, Chinese Investors, Stephen Roach on August 18, 2010 | Leave a Comment »
Chinese bubbles have been a topic of hot debate this summer. Most of the discussion is continued speculation about real estate with apartments in Shanghai now going for $200,000 plus (in a country where the average wage is $4,000). Informed opinions vary widely. Either China’s real estate market is based on speculation and teetering on [...]
Portfolio Investing 101: David Neubert
Posted in Investors, Portfolio Investing 101, tagged Abercrombie, Apple, Behavioral Finance, Boston Chicken, David Neubert, Individual Investors, Kapitall, Lehman Brothers, Morgan Stanley, Target, Wal-Mart on August 17, 2010 | 4 Comments »
How would you build a portfolio? We put that question recently to David Neubert. A man of wide experience, Neubert spent ten years at Morgan Stanley in a number of trading roles including head of Global Portfolio and Program Trading. Then he moved on to Lehman Brothers where he was Head of Equity Trading Strategy [...]
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