Posts filed under “Asset Allocation”

The University Endowment Sweet Sixteen Bracket

Via Chief Investment Officer, we see this amusing comparison of major university endowments. I am not sure how the winners are determined, other than where a small subset of asset managers would like to one day work.

Based on the recent performance data I have seen, there seem to be lots of under-performers. Well, at least they paid a lot for the privilege . . .




Source: Chief Investment Officer

Category: Asset Allocation, Hedge Funds, Investing, Venture Capital

Curse of the Macro Tourist

How’s your macro? Not too good? Terrible? Unsure what that even means? Let’s start here: Macro refers to the large geopolitical moments, and the natural and man-made disasters, that some investors track as potential market moving events. Large economic trends or reversals, diplomatic breakthroughs, political crises and even war are all macro events. Think: a…Read More

Category: Apprenticed Investor, Asset Allocation, Financial Press, Really, really bad calls

Travails of the Modern Macro Tourist

      My Sunday Washington Post Business Section column is out. This morning, we look at travels and travails of the macro tourist. That was the name of the online version; in print edition of the paper, it was Is your money subject to the travails of a macro tourist?. Here’s an excerpt from the…Read More

Category: Apprenticed Investor, Asset Allocation, Really, really bad calls

Last August, we called out the San Diego County retirement fund for paying way too much in fees to Salient Partners, its outside pension-fund manager. Based on reporting by Dan McSwain, the San Diego Union-Tribune alerted readers to a dramatic increase in the use of leverage once Salient took the reins. On July 16, the county fired Houston-based Salient, according…Read More

Category: Asset Allocation, Hedge Funds, Really, really bad calls

Asset Class Performance, 1H 2015

One of my favorite — and most instructive charts — is the asset allocation quilt: Click for ginormous graphic Source: Novel Investor  

Category: Asset Allocation, Digital Media, Markets

You’re Only Human: Here’s How it Hurts Your Portfolio

I recently had the privilege of sitting down for a chat with Richard Thaler, professor of the Booth School of Business at the University of Chicago. Thaler is widely recognized as the father of behavioral economics. He is perennially on the short list for a Nobel Prize in economics. His observations about how people behave in the…Read More

Category: Apprenticed Investor, Asset Allocation, Cognitive Foibles, Investing

Topics for the RWM Client Conference Call

On June 30th, our investment firm will be holding its Q2 client conference call. Because we’ve got a clientele that spans the entire country, we’ve found that holding a call during which we address important topics and take questions from our investors is a really effective way to communicate. In the weeks leading up to…Read More

Category: Asset Allocation, Investing

The Big Disconnect Between Investing and Human Behavior

    My Sunday Washington Post Business Section column is out. This morning, we look at the work of Richard Thaler, the father of Behavioral Economics. His findings are very applicable to investors. The print version had the full headline You’re only human: How it hurts your investments; online its You’re only human: An economist explains how…Read More

Category: Asset Allocation, Cognitive Foibles, Investing

Home State Investing Bias May Be Skewing Your Portfolio

Most investors are (or at least should be) familiar with the concept of “Home Country Bias” — the natural tendency to be more familiar and comfortable with public companies in your home country. Investors everywhere consistently display this trait, which is in direct conflict with the basic principles of international diversification. A 2014 report by Vanguard found…Read More

Category: Asset Allocation, Cognitive Foibles, Investing, Psychology

Time for a Fire Drill

Your portfolio may be basking in the sun, but, as always, winter is coming Barry Ritholtz Washington Post, June 7, 2015         “The time to repair the roof is when the sun is shining.” — John F. Kennedy   Markets across the country have hit new all-time highs. The Nasdaq composite index,…Read More

Category: Apprenticed Investor, Asset Allocation, Contrary Indicators, Investing