How Active is Your Passive?
Finding the Active in Low-Cost Passive Investing There are any number of ways to construct an index. Some lead to more trading than...
Are We At Peak Factor Investing?
A Hot Investment Style Looks Great in the Rearview Mirror Investment vehicles designed based on past performance might just disappoint in...
What Does the New Seattle Minimum Wage Study Tell Us?
The Overhyped Seattle Minimum-Wage Disaster There are glaring weakness in a new study claiming that increased pay floors hurt low-wage...
How to Call a Market Top
An Expert’s Guide to Calling a Market Top The landscape is filled with pundits predicting the demise of the bull market....
The Pace of Innovation and Disruption Is Accelerating
The World Is About to Change Even Faster Having trouble keeping up? The pace of innovation and disruption is accelerating. Bloomberg,...
Stocks Valuation: A Debate
Nir Kaissar and I had an interesting discussion/debate about the valuation here: How to Know When Stocks Are Properly Valued: A Debate...
Is the Finance Sector Shrinking?
A Bull Market That Creates Few Jobs in Finance The big difference this time is technology and automation. Bloomberg, June 23, 2017 ...
Death of Hedge Funds Have Been Greatly Exaggerated
Hedge Funds Are the Ultimate Survivors Despite market-lagging performance and high fees, they manage more money than ever. Bloomberg,...
Lessons from Kansas Tax-Cutting Experiment
The Kansas Supply-Side Experiment Unravels Tax cuts were supposed to spur growth, boost revenue and create jobs. The results were the...
How Your Local Economy Impacts Your View of National Politics
The Economy of 2016 Weighs on Elections in 2018 and 2020 Voting patterns followed the contours of the lumpy and uneven recovery from the...