Our take on the investing, financial, & economic themes of the day

But I Don’t Own Any Chinese Stocks!

18 November, 2015 by Paul Devine in Commentary
“But I don’t own any Chinese stocks!” many individual investors moaned late in the afternoon of Monday, October 26th, “So why has the value of my portfolio dropped?” That’s a reasonable question for investors who have prudently purchased high-quality U.S. stocks, only to see the prices of those ... read more...

Bubble Watch: From Umbrellas to Internet Finance

22 June, 2015 by Matthew O'Brien, Ph.D. in Commentary
My previous post looked at the bubble in Chinese stocks and the decision of Vanguard and FTSE Russell, in spite of sky-high valuations, to incorporate such stocks into their emerging market indices and funds.  Here’s a nice confirming anecdote about the Chinese rally that I came across in ... read more...

There’s No Such Thing as Passive Investing

19 June, 2015 by Matthew O'Brien, Ph.D. in Commentary
Benchmarking in most businesses makes sense. But in investment, it prompts investors to outsource their judgment to a few indexers that have become the world’s stockpickers of last resort. John Authers, Financial Times One of the best arguments for the success of active management as an ... read more...

Wise Words from Charlie Munger

1 April, 2015 by Ben O'Brien in Commentary
(Source: Charlie Munger is Warren Buffet’s right hand man, the vice chairman of Berkshire Hathaway. He is widely followed by investors for is wide-ranging and often contrarian insights on business and life. Munger wears many hats, and one of his less known roles is his position ... read more...