Every single day we are barraged with an array of conflicting data about the stock market.
“Stocks are expensive,” says Guru A. In the same conversation, Guru B proclaims, “Stocks are cheap.” With the S&P 500 (NYSEARCA:SPY) hitting all-time highs, do stock valuations matter?
Using... Read More
Are ‘smart beta’ strategies really a new and better breed than competing investment strategies or just an innovative word trick for something else?
James Montier, a member of GMO’s asset allocationteam observes:
“When these strategies are corrected for their exposure to ‘value’... Read More