2018

Animal Spirits: Hedge Fund Myths & Casual Investing Advice

Ben’s evolution on asset allocation A perfect visual for why markets trend. Jason Zweig on 1974 versus 1999 The worst bear market that nobody talks about Hedge Funds: Myths and Pendulums Myth Busting: Hedge Funds Are Dead Have stock investors become smarter? Bonds or bond funds? (Vanguard) Misconceptions About Individual Bonds vs. Bond Funds Last…

The Math Doesn’t Work

The biggest public pension in the United States has just 68% of the assets it needs to pay for future benefits. At some point in the not too distant future, the rubber will meet the road. The Wall Street Journal reports that Calpers, which currently has $341.5 billion in assets, has a target allocation of…