Hedge funds vs. fixed income
So much has been said and written about hedge fund performance lagging the performance of stock markets. But as most hedge fund advocates will point out, this is an unfair Read More
Putin vs Europe – The Long War
Putin’s strategy is clear – but how will Europe react, and will it work? ”The economy of imaginary wealth is being inevitably replaced by the economy of real and hard Read More
Rags to Riches to Rags: The Lehman Story
Srivatsan Prakash (Market Ponderings) How a bank founded by the son of a cattle merchant became the 4th largest investment bank, before going bust The Founding and Early Days The Read More
Untangling Fear and Risk: An Investment Survival Skill
Jason Hsu (Rayliant Global Advisors) Baron Rothschild famously advised investors to “Buy when there’s blood in the streets even if the blood is your own.” This seemingly counterintuitive advice is Read More
High Yield: Is the Juice Worth the Squeeze
By Joseph Sykora (Aptus Capital Advisors) With stocks and bonds both down year-to-date (YTD), there have been very few places for investors to hide. In fact, through August, the 60/40 Read More
7 Predictions for a Stagflation Economy
By Jason Hsu (Rayliant Global Advisors) No one knows for sure what’s going to happen next. This may sound obvious, but it’s surprisingly hard for economists, especially one who is Read More
A Taxonomy of Drawdowns
Bryne Hobart (The Diff) A Taxonomy of Drawdowns If you’re trying to get a quick sense of where a company is right now, the best place to start is with Read More
Analyzing Investment Cycles
Each business cycle has a general “investment theme” about it. To quantify that from a high level, this chart shows the performance ratio of value stocks vs growth stocks, with Read More