Why We Should Care About the Yield Curve?

Why We Should Care About the Yield Curve?

You are forgiven if you don’t know why an inverted yield curve is a big deal. Here’s what the fuss is about. What’s a yield curve? It’s a way to show that buyers of bonds are getting more interest for choosing to buy shorter- versus longer-term debt. Most of the time,...
MUST WATCH: Peter Bernstein on Risk

MUST WATCH: Peter Bernstein on Risk

Peter Bernstein, a legend of investing thought leadership, who wrote one of my favorite books “Against the Gods: The Remakable story of Risk” can be seen in this 13 minute video discussing risk. If you watch and listen carefully you will become educated...
Foxes, Wolves and Sheep

Foxes, Wolves and Sheep

The title above is a portion of a quote from Josh Brown, of the site “Refomed Broker”. The full quote is “These products are created by foxes, sold by wolves, and bought by sheep.” He was talking about a listing of very-bad-for-you financial...

The Range of Annual Returns

At a time when investors have experienced the worst quarter of market returns in perhaps their lifetime it is instructive to review the expectations of long range returns based on various levels of portfolio risk. Vanguard provides the following chart to illustrate...

Active vs. Passive: The Illusory Debate

Every time I read about the “active vs. passive debate” I can feel my blood pressure go up. There is no “debate”.  The only people perpetuating this myth are those who make a living touting active management and those who don’t know the facts. Proponents of...