What money can’t buy – what brains frequently don’t read more »

I know, I know, the Good Government Nannies are already reaching for their beta blockers. Curtis is being unpatriotic! He’s a lousy citizen! He’s setting a bad example for the children! read more »

On October 31 Japan’s central bank delighted the investment world by announcing a breathtaking increase in quantitative easing, a “Keynesian spending blowout”(1) that made Bernanke look like a piker. The Japanese stock market rose to a seven-year high and the yen fell to a six-year low. But in the real Japanese economy, nothing happened and nothing will happen.(2) read more »

When advisors pick managers and strategies, and when advisors and investors assess performance, it’s important to remember that size matters. We understand this implicitly when it comes to the asset allocation exercise because we are inherently making bets (or not) against cap-weighted market sectors. But we often forget it when it comes to manager selection and performance attribution. read more »