Even Google Employees Can No Longer Afford Housing In San Francisco
Google is one of the most successful companies the world has ever seen, and if its employees are struggling to find a place to live.
Changes in Harvard’s Endowment Fund
Harvard University’s endowment fund is unique in its holding of a $4 billion natural resources portfolio that owns assets across five continents.
Short and Long Term – Analyzing Investment Performance
Unlike most professions, a rookie investor can do better than a professional over the short term. You’d never expect an amateur to beat Roger Federer in a tennis match but plenty of amateur’s portfolios will outperform Warren Buffet over the short to medium term. It’s only over the longer term that you can ascertain the skill of each investor.
I’d like to solve the puzzle, Pat
If stocks keep going up, why isn’t anyone celebrating?
Indexing Beats Smart-Beta Track Record
Many smart-beta funds– which develop portfolios focusing on various factors such as low volatility, value, or momentum– have underperformed the market, especially after accounting for fees and expenses. “Tally another point in the pro-indexing column.”
Beat the Field by Shooting Par
What if, instead of trying to beat the market, investors focused on outperforming other investors by earning investing’s equivalent to par?
How To Use Emotions To Make Better Investment Decisions
There are a lot of times in my life where I wish I was just a computer and didn’t have feelings. I’d probably be a much better trader.
Why Social Security Should not be Invested in the Stock Market
It is wise to keep governments out of business management.
Your Best Investment
If you could (magically) impart one piece of wisdom to all investors what would it be?
Experience Is Overrated
The machines have arrived on Wall Street. In 2016, quant driven hedge funds took in $13 billion while the rest of the industry lost $83 billion. One of the biggest appeals of eliminating the qualitative element that dominated the industry for so long is that quants sever the tie between emotions and decisions. Machines don’t carry the same baggage as humans.
Advice from Buffett, Munger, and Gates
As parents, we often ask, then ask again, and ask again our kids to do something we desire they do.
Why I am an Optimist
If you spend enough time managing money you learn that extremist views are extremely dangerous. Being a permabull is usually right in the long-term, but can expose you to getting crushed at times along the way.