If an investment strategy is good enough for one of the top minds in finance, it is probably good enough for you, right?
(This Sept. 6 story corrects academic affiliations of authors of research in paragraph 8)
If the world becoming less economically integrated, someone is going to have to explain why growth around the world is so remarkably consistent and tightly correlated.
Unpleasant it may be, but investors do better if the mutual funds they hold are managed by companies with an ethos more like that of a viper pit than a kindergarten.
That fund managers are rewarded for hugging the benchmarks they track is a big reason behind the otherwise puzzlingly mild reaction of financial markets to rising tensions and threats between nuclear powers the United States and North Korea.
The formerly staid, predictable world of utilities investing faces a revolution as the price of solar and wind energy plunges, creating new winners and losers.
Institutions do better than individuals at active fund management, but given that both come out losers the underlying message is that picking stocks and bonds is a game neither group should play.
To understand secular stagnation, with its low inflation and low growth, look first at the growth of the information economy and the expansion of intangible assets.
The Trump administration’s vision of a rollback in banking regulation isn’t just dubious medicine for the economy, it will do shareholders no favors.
Other benefits like peace and a livable planet notwithstanding, the financial cost of socially responsible investing appears to be high.