When I tell people that I use index funds and ETFs to build my clients’ portfolios, they seem a bit surprised that I would consider markets to be efficient. Many […]
Value and Momentum: January 2014
One strategy we use to improve performance beyond Basic Strategy is to tilt client portfolios toward asset classes that are more attractive based on value and momentum measures. Value measures […]
Asset Allocation with Value and Momentum
Last time, we discussed the overwhelming evidence that investors fail to beat a long-term asset allocation strategy (or “Basic Strategy”), by picking funds or stocks to their own detriment. Following […]
Value and Momentum: December 2013
Although a long-term asset allocation policy (which we sometimes refer to as Basic Strategy) is the foundation of our investment strategy, we do deviate from it to some extent to […]
Value and Momentum: April 2014
One strategy we use to improve performance beyond Basic Strategy is to tilt client portfolios toward asset classes that are more attractive based on value and momentum measures. Let’s look […]