Hitting the right notes with your investment strategy
For 35 years I’ve carried a quotation in my wallet. More precisely, I’ve moved the quotation, clipped from a now-defunct newspaper, from wallet to wallet to wallet over the decades. The quotation is...
View ArticleEmerging markets: Innocents abroad?
Mark Twain lost a couple of fortunes through bad investments, which probably explains the pungency of his comments about investing. Such as: “There are two times in a man’s life when he should not...
View ArticleA pat on the back
I believe that, as investors, we all deserve some applause. The past six years have been trying and volatile. In this very challenging environment, it hasn’t been easy to stick to your asset allocation...
View ArticleThe Fed’s “great escape”
In the great inspirational movie The Shawshank Redemption, Tim Robbins plays Andy Dufresne, a man facing seemingly impossible odds: Wrongly imprisoned for life, former banker Andy has only the books in...
View ArticleWhere is the market undervalued?
Municipal bonds and emerging markets have not seen the same rally as U.S. stocks and may hold a greater risk premium, Vanguard Chief Economist Joe Davis says. Transcript: It’s a question that’s harder...
View ArticleEmerging markets can likely withstand a Fed liftoff
Emerging markets have been a favorite destination for global capital since the financial crisis, given the weak growth and low interest rates on offer from much of the developed world. Although they...
View ArticleGoing to Ireland
Given my wife’s Irish heritage, we decided it’s high time to show our boys the beauty of Ireland, especially since the U.S. dollar has surged relative to most other currencies in the last year. Sure,...
View ArticleChina: From economic growth to financial liberalization
As of May 29, 2015, the annual return of Shanghai A-shares was a phenomenal 125%.¹ On the other hand, real GDP growth in China continues to march toward lower levels, with policymakers setting a 7%...
View Article