Bad Times for Active Stock Pickers

by | | Insights, Investing

Almost no active managed funds have beaten the market/their benchmarks over the past 15 years. Some 66 percent of large-cap active managers failed to top the S&P 500 in 2016. Performance actually got worse over longer time frames, with more than 90 percent missing...

Talking Risk: Emotion vs. Data

by | | Uncategorized

We tend to base our assessment of risk on emotions (how we feel about it), and then rationalize (or try to) that we have done so using objective data. Our Reactions We overreact to risks we can’t control (like the fear of natural disasters) and under...

The Happiness Equation

by | | Behavior, Insights, Investing

To say that “money isn’t everything” is more than a cliché. Studies in the early 1970s demonstrated that a sense of well-being, or happiness, had not increased commensurately with income over the previous half century.1 That trend continues as the modern world has...

ERISA Bonds vs. Fiduciary Insurance

by | | Planning

With so much attention lately on fiduciary duty, as well as the surge of fiduciary litigation this past year, plan sponsors would be wise to explore their insurance options. While the ERISA fidelity bond (also referred to as a “fidelity bond” or “ERISA bond”), is...

NYSE New Highs at Rare Levels – less than 10%

by | | Insights, Investing

SUMMARY – in the very rare occurrence that less than 10% of NYSE stocks are making new highs, after-the-fact analysis shows these are likely markers of market bottoms. Subsequently, the broad market as followed with rebounds of 10% to 33% about 80% of the time....