Inflation: What If It Doesn’t?
For more reading on inflation, check out Puzzles of Inflation, Money, and Debt by Thomas S. Coleman, Bryan J. Oliver, and Laurence B. Siegel from the...
Philosophy
How an Ancient Yoga Principle Can Help You Stop Making the Same Mistakes
There are several translations of the Sanskrit word “dharma,” a term that figures largely in yoga philosophy. Although it is...
Book Review: Boom and Bust
Boom and Bust: A Global History of Financial Bubbles. 2020. William Quinn and John D. Turner. Cambridge University Press. Asset...
4×4 Asset Allocation: Four Goals over an Investment Horizon
Risk and reward in investing are often defined in terms of the nominal dollar value of the portfolio: dollar gains,...
Modern Variants of Capitalism, Part 2: Financial Capitalism
Advanced economies started cooling off about 50 years ago. Official data state it plainly. For the past two decades, most...
Dow 36,000! Crypto $3 Trillion! Charting a Wild Decade in Finance
Posted In: Best Of, Careers, Coronavirus, Drivers of Value, Economics, Equity Investments, Fixed Income, Future States, History & Geopolitics, Leadership,...
Passive Management: The Baseline for Defined Contribution Plan Sponsors?
Ample data demonstrates that passive management has largely outperformed its active counterpart net of fees for well over a decade....
Sustainability, ESG, and the Future of Investing: A Review
Posted In: Best Of, Drivers of Value, Economics, Equity Investments, Future States, Performance Measurement & Evaluation, Philosophy, Portfolio Management, Risk...
Conversations with Carlos – Part 2
Yoga and our susceptibility to algorithms and manipulation via social media By Cara Butler.Carlos does not shy away from challenging...
Actively Managed Funds Are Appropriate Options for 401(k) Plans
Discussions of the relative merits of passive vs. active investing are ubiquitous these days and — so long as discussions...
Conversations with Carlos – Part 1
by Cara Butler,Once upon a time in Christchurch…. actually quite a long time ago….way before any earthquakes, way before I...
To Invest Internationally, or Not — That Is the Question
What follows is a hypothetical conversation between two fictional investment professionals, US-based Bob Smith and his colleague Sandra Mueller, who...
In Memoriam: David Swensen
“David was, simply, the best at what he did. He was to endowments what Jack Bogle was to funds —...
Capitalism Is Dead, Long Live Debtism
Notwithstanding its many failings, capitalism has been a formidable engine of wealth creation and economic development over the last three...
Bernoulli’s Prisoner’s Dilemma: A Goals-Based Perspective
In 1738, the Swiss mathematician and physicist Daniel Bernoulli proposed a simple thought experiment: “A rich prisoner who possesses two...