Below you'll find a list of all posts from August, 2020
Sooner or later, the threat of the novel coronavirus epidemic will fade. The virus will not be eradicated, but we will adapt and learn how to live with the risk of SARS-nCoV-2infection. (The virus will also adapt, something very much on the minds of researchers and public health officials.) Our parents, grandparents, and ancestors lived with the risk of polio, …
The U.S. equity market has had a phenomenal run. Since the end of 1870, a dollar invested in a capitalization-weighted market portfolio would have grown to over $18,000 by the end of May 2020 in real (inflation-adjusted) terms. That’s a compound real return of 6.8% per year. This happened despite 18 market declines of more than 20% each in real …
Americans enjoy the economic prosperity and freedoms of its liberal democracy. But our elevated stature is threatened. As the U.S. recoils from the world, the era of U.S. dominance appears to be ending. That is an essential takeaway from Richard Haass’ modestly titled new book, The World: A Brief Introduction. If investors and their advisors, or ordinary citizens, want to …
Lido Consulting’s 15th Annual Family Office Investment Symposium November 19, 2020 Interviewed by Gina Sanchez Video of Podcast
Conversations with Frank Fabozzi is a fortnightly series of interviews with leading investment thinkers and practitioners conducted by Frank J. Fabozzi, editor of The Journal of Portfolio Management and a prominent Yale professor and author. Conducted in an informal and personal manner, Frank discusses what lessons his interviewees have learned from their experiences in the financial markets and any key …
Ever wonder why Americans enjoy a substantially higher standard of living than any other large country? According to Matt Ridley, it is because the liberal democracy we have nurtured over the last 250 years is the essential catalyst to foster innovation. Our high standard of living is the result of economic growth. The economy grows not just through putting more …