One of the biggest problems with traditional buy and hold investment strategies is that markets are not static. During uptrends the odds of making money are largely in the investors favor while the odds of losing money are low. However, during downtrends the odds of losing money are high and the odds of making money […]
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Matthew Tuttle Profiled in the Wall Street Journal
Great profile of TTM in the Wall Street Journal and our opinion of the Fiscal Cliff. Here is the link if you are a subscriber: http://online.wsj.com/article/SB10001424127887323551004578116953403220408.html?mod=googlenews_wsj
The Fiscal Cliff: Much Ado About Nothing?
Elections have consequences and this one will have consequences for what happens with the Fiscal Cliff. Wall Street immediately sold off after election results that looked like more of the same gridlock but this election might actually have been a pretty good scenario for avoiding the Fiscal Cliff. While the Republicans maintained their majority in […]
The Fiscal Cliff: Much Ado About Nothing?
Elections have consequences and this one will have consequences for what happens with the Fiscal Cliff. Wall Street immediately sold off after election results that looked like more of the same gridlock but this election might actually have been a pretty good scenario for avoiding the Fiscal Cliff. While the Republicans maintained their majority in […]
Is Tactical Practical?
There was an interesting article in the Wall Street Journal this weekend questioning whether tactical asset allocation has merit anymore (after a ton of articles following 2008 questioning buy and hold). The author points out that a buy and hold portfolio of 60% stocks and 40% bonds would have outperformed tactically managed portfolios over the […]
The Modern Portfolio Theory Cliff
I have been reading a lot about correlations of asset classes increasing since 2007ish. Of course this is something I can easily see with my own eyes as it seems like every day in the market is either a risk on day (buy any kind of stock or commodity) or a risk off day (buy […]
Another Study Showing Trend Following Works
A Century of Evidence on Trend Following Great study done by AQR showing that trend following has produced consistent profits since 1903. Some powerful points made by the study: 1. If you look at the ten largest drawdowns in a classic 60/40 portfolio since 1903, a trend following portfolio (as designed in the study) would […]
Nice Mention in Forbes
http://www.forbes.com/sites/lawrencelight/2012/10/16/how-to-beat-the-market-the-new-momentum-strategy/