Chart of the Week – the ETF Bull Market is Still Early
Back in 2012 I wrote a short piece about how the ETF world was in the very early stages of eating up the mutual fund world. At that time the ETF world had just 12% [...]
A Tribute to Harry Markowitz
Harry Markowitz passed away this past weekend. He was a giant in the financial industry. Arguably THE giant. Names like Buffett and Bogle might be more recognizable to the common investor, but Markowitz had more [...]
Chart of the Week – Is Monetary Policy Working?
There has been a raging debate in the last 15 years about the efficacy of Monetary Policy. I've been very vocal about certain aspects of this discussion, especially surrounding QE. My general view is this: [...]
Fund of Funds – When Simple Isn’t Better
We always like to defer to simplicity when it comes to asset management. There are numerous reasons why simple portfolios beat complex portfolios: They're easier to manage and automate. They tend to reduce fees and [...]
There’s (Still) No Pivot Coming
This week's Federal Reserve decision was interesting mainly because there was no hint at a pivot. The market had been pricing in a rate cut this year, but the Fed made it pretty clear that [...]
Keeping It Simple – Transitory or Purgatory?
Here's the replay of last week's Simplify Podcast in case you missed it. I joined Harley Bassman and Mike Green to discuss the macro landscape and where the economy might be headed. This was a [...]
Should You Worry About “Recession” Risk?
There has been a heated debate in recent months about the risk of recession. On one side you have optimists who have been saying that the US economy remains robust and on the other side [...]
Chart of the Week – Concentration Risk in Stocks
Here's a great chart from DFA (thanks to Meb Faber for highlighting it on Twitter).1 It shows the average annualized outperformance of stocks after they've become one of the largest top 10 in the S&P [...]
Keeping it Simple – Transitory or Purgatory?
I want to invite you to a live recording of the Simplify Asset Management podcast, Keeping It Simple. We'll be recording next Thursday at 4:30 ET after the market closes. I'll be joining Harley Bassman [...]
Equal Weight vs Market Cap Weight? Which Should You Choose?
There's been a lot of chatter this year about the breadth of the stock market's performance. While the S&P 500 is up 8.5% this year the majority of that performance is being driven by just [...]