Over the last several years, index funds have received increased attention from investors and the financial media. Some have even made claims that the increased usage of index funds may be distorting market prices. For many, this argument hinges on the premise that indexing reduces the efficacy … [Read more...] about The Index Bogeyman
Sometimes you just have to be patient Maureen and I were fortunate enough to be invited to a New Jersey Devils hockey game as they took on the New York Islanders. Our good friends Jeanne and John have excellent seats at the Prudential Center, and we were excited to see this fast-paced game in … [Read more...] about When will a Hockey Goal be scored?
Investment fads are nothing new. When selecting strategies for their portfolios, investors are often tempted to seek out the latest and greatest investment opportunities. Over the years, these approaches have sought to capitalize on developments such as the perceived relative strength of … [Read more...] about Déjà Vu All Over Again
Any handyman knows that you must have the correct tools in order to effectively complete the task at hand. As somebody who is less than handy, I have learned over the last few years how true that statement is. As most people with the same skill set, I only have the basic tools: one hammer, a … [Read more...] about Are you using the right tools?
A quick online search for “Dow rallies 500 points” yields a cascade of news stories with similar titles, as does a similar search for “Dow drops 500 points.” These types of headlines may make little sense to some investors, given that a “point” for the Dow and what it means to an individual’s … [Read more...] about Getting to the Point of a Point
I will never sell a piece of this company to the public. Philip Knight co-founder and CEO of Nike Inc. says many times throughout his memoir. In his excellent memoir “Shoe Dog”, Phil takes the reader on his lifelong journey of creating one of the largest consumer good companies in the world. He … [Read more...] about Just Do it – Investing in Nike