Mr. Market is hurting these days, but what exactly does that mean? The world's capital and commodity markets are comprised of multiple asset classes, of course, and they don't often move in... read more »
Many attributed yesterday's rout to the official announcement from the NBER that the economy has been in a recession for months. That wasn't news, it was a punchline.Obviously, the market had priced... read more »
One of the most fascinating things about investing is the extent to which the science (or art) of portfolio construction evolves either by design or necessity. One example of this I've written about... read more »
Even with the downturn in the residential housing market, and credit issues that continue to make front page news, as of the end of September REITs have generated total returns including dividends of... read more »
In 2008, a diversified portfolio across asset classes has outperformed stock assets on a relative basis. Nevertheless, you'd be hard-pressed to convince many people that relative performance equates... read more »
In a meeting last week in New York, an executive with one of the world's largest financial firms asked me my view on the U.S. Dollar and whether it needed to keep declning for foreign stocks to... read more »
