Emerging markets (EEM) are outperforming U.S. stocks this year by 12.3%. European stocks (VGK) are outperforming U.S. stocks by 8.3%. And despite the performance disparity in the first half of the year, the U.S. still owns the last decade. Over the last ten years, the S&P 500 has returned 95%. Emerging Markets are up 11%…

One of the benefits, maybe the only benefit of watching the market as closely as I do, being that I’m not an active trader, is that I’m constantly reminded that I have no idea what’s going to happen. The S&P 500 (total return) has experienced eight straight years of gains. It’s been five and a…

Articles What has momentum today might not have momentum tomorrow. What looks like quality today might look like crap tomorrow. By Cullen Roche Active investors hold far, far more sway than a handful of index fund managers, which is why the stock market continues to go up and down every day. By Dave Nadig The…

In a New York Times article from July 7, 1932, Urges Minimum For Stock Prices, the author wrote, “In the belief that the stock market has ceased to be a reliable yardstick of values, some business leaders are discussing the advisability of establishing minimum prices for securities as a means of establishing confidence in industry.”…

I don’t know where we are in the podcast cycle. Is it completely saturated or are there room for more entrants? I spend a lot of time with headphones on and I welcome the supply, the more the merrier. While it’s impossible to listen to everything, there’s nothing wrong with dropping something when a better product…

Investors hire an advisor to help them achieve their financial goals. But what if the person they chose to work with is not properly measuring these goals? What if an objective third party would confirm that they aren’t? And what if an advisor isn’t even tracking their goals in the first place? The State of…

Articles More informed clients make better decisions, and better decisions lead to better client outcomes. By Jack Vogel The 1,900 most minuscule companies combined are only 2% of the total value of the U.S. stock market. By Jason Zweig Brute-force honesty in an industry plagued with concealment is a great way to build trust. By…

Articles Bubbles have less to do with rising valuations and more to do with shrinking time horizons among people playing a different game than you are. By Morgan Housel The best time to plant a tree was twenty years ago. The second best time is now. By Josh Brown Teachers all over the country are…

What would happen if stocks crash? What would that do to people’s retirement plans? How would that change the way young people think about stocks? And what would it do to our country? The cyclically adjusted price-to-earnings ratio now reads 30 for just the third time ever. The two previous times it printed a three…

Articles This may be the first bull market in history that featured layoffs on Wall Street. By Josh Brown Once you have hit an all time high, the very next month you are likely to hit another all time high. By of Dollars and Data Why pessimism can be hard to distinguish from critical thinking…