Book Review: The Revolution That Wasn’t
The Revolution That Wasn’t: Gamestop, Reddit, and the Fleecing of Small Investors. 2022. Spencer Jakab. Penguin Random House. In The Revolution That Wasn’t: GameStop, Reddit, and the Fleecing of Small…
Cochrane and Coleman: How Do You Solve Inflation?
“ says that prices and inflation depend not on money alone . . . but on the overall liabilities of the government — money and bonds. In other words, inflation…
Digital Gold or Fool’s Gold: Is Crypto Really a Hedge against Equity Risk?
Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that cryptoassets will act…
Crypto Tokens: Does Security Selection Matter?
Introduction A falling stock market is not bad for everyone. Sure, many investors lose out as their portfolios decline in value, but those who are just starting to invest or…
From No to Yes: Persuading Clients with the 3Ps Method
The following is adapted from the recent book Small Actions: Leading Your Career to Big Success, by Eric Sim, CFA, and Simon Mortlock. Nobody likes rejection. Which is why, over the…
Economic Value of Equity (EVE): Protection from Rising Interest Rates
Faced with rampant inflation, central banks worldwide are raising interest rates. In June, the US Federal Reserve announced its largest hike since 1994. The previous month, the Bank of England…
Not All NAVs Are Created Equal
The debate about private market fund valuations and volatility has returned to center stage. To quote Mohamed El-Erian, some private equity managers believe “their asset class would avoid the reckoning…
Book Review: Your Essential Guide to Sustainable Investing
Your Essential Guide to Sustainable Investing. 2022. Larry E. Swedroe and Samuel C. Adams. Harriman House. The establishment of the United Nations-backed Principles for Responsible Investment (PRI) in 2006 marked…
DC 2.0: Three Paths to More Equitable Retirement Programs
Among C-suite and financial executives at both for-profit and nonprofit organizations, 99% are committed to helping employees save for retirement and 84% believe they have made significant progress toward achieving…
The Financial Adviser Value Proposition: The Five Components
What can we do for our clients that they can’t do on their own? What can make us better at managing their money than they are? These aren’t always easy…
