Revisiting Tesla’s Addition to the S&P 500: What’s the Cost, Before and After?
Key Points Q1 2021 hedge fund letters, conferences and more We have observed that additions and deletions to the S&P … Read more
Key Points Q1 2021 hedge fund letters, conferences and more We have observed that additions and deletions to the S&P … Read more
Bitcoin: Magic Internet Money By Alex Pickard, Research Affiliates Q3 2020 hedge fund letters, conferences and more Key Points Always … Read more
Tesla, the Largest-Cap Stock Ever to Enter S&P 500: A Buy Signal or a Bubble? by Rob Arnott, Vitali Kalesnik, … Read more
Explore how investors are commonly fooled by current performance metrics. Learn how to correct for these common mistakes and allocate … Read more
Key Points The anti-value, momentum-driven, narrowly concentrated rally in the first half of 2017 has been hostile for strategies that … Read more
Key Points The word “bubble” is tossed around with abandon. We offer a rigorous definition for the word, and then … Read more
Rob Arnott discusses US CAPE ratios which are at levels previously reached only in 1929 and during the tech bubble. … Read more
Key Points The demand for socially responsible investing strategies is growing as a means to manage environmental, social, and governance … Read more
Key Points The CAPE (cyclically adjusted PE) ratio is not a useful timing signal for market turning points, but is … Read more
Key Points Investment professionals can overdo performance measurement simply because technology makes it so easy and it seems a worthwhile … Read more
Key Points The value premium is traditionally associated with stock selection and market timing, however, value investing works just as … Read more
Key Points Investors seeking to add smart beta and factor strategies to their portfolios should consider the four craftsmanship elements … Read more
Key Points Investors, particularly retail investors, are predisposed to chase the returns of investment managers. The academic literature shows manager … Read more
Key Points Using historical returns to forecast the future is one of the most common shortcuts in financial planning. Investment … Read more
Key Points Adding diversifying assets to portfolios of mainstream stocks and bonds can improve expected returns and lead to better … Read more