A Vicious Circle

Apr 01, 2009

Losses beget redemptions, which can beget more losses—and more redemptions

Bright Spots

Apr 01, 2009

Not every fund is suffering huge cash outflows

Luck Versus Talent

Apr 01, 2009

Much has been made of Miller’s recent underperformance. Is Miller a genius who has temporarily gone cold? Or was he just lucky—for 15 years?

In Praise Of Market Timing

Apr 01, 2009

There was not much to celebrate in 2008 and very little so far in 2009. One thing we did learn in spades recently: In down markets, asset classes tend to be correlated

Heretics in the Church of Diversification

Apr 01, 2009

When everything is overvalued, chucking whole asset classes is not the same thing as market timing

It's A Great Time To Invest

Mar 18, 2009

Bear market rally or the beginning of a new bull market? Who the heck knows, but there is good news out there. The S&P extended it’s rally and is now up about 17 percent since hitting 12-year-lows last week. Today’s market was fueled...

Is This Time Different?

Mar 01, 2009

One of investors' greatest fears today is that the world is on the edge of an economic downturn that may be deeper and longer than anything experienced in modern times. Spurring this concern is a prolonged liquidity crisis that has affected...

When Fear Creates Bargains

Mar 01, 2009

High-yield bond investors suffered more than most in 2008, and this sell off may have created an investing opportunity today