Asness, Bogle on Investment Strategy, Pension Funds

Clifford Asness, managing and founding principal of AQR Capital Management, and John C. Bogle, founder of Vanguard Group Inc., talk about investment strategy, fund management and the outlook for pension funds. Bloomberg’s Tom Keene moderates the discussion at the Bloomberg Markets Most Influential Summit in New York.


Source: Bloomberg, Sept. 22 2014

Category: Investing, Video

10 Sunday AM Reads

Pour yourself a cup of coffee, and sit back for some Sunday morning reads: • Hedge Funds Lose Calpers, and More (NYT) • One Of The Biggest Bulls For The Past Few Years Has An Ominous New Tone (Business Insider) • Blood Feud Gundlach and Morningstar:  Dubbed DoubleLine Total Return fund “not ratable” despite its outperformance,…Read More

Category: Financial Press

Kiron Sarkar’s Weekly Report 9.27.14

The US, together with 5 Arab nations, launched air strikes against ISIS in Syria. Whilst positive that a number of Arab states are participating, this is going to be a long campaign. The Chinese finance minister, Mr Lou Jiwei, stated that growth faces downward pressure, though China will not make major policy changes to compensate….Read More

Category: Markets, Think Tank

Abbey Road Turns 45

Billboard has published a track by track review of all of the songs on Abbey Road. They set the table as to what was going after the frenzy of the prior decade led to the band imploding: “On Sept. 26, 1969, 45 years ago today, the Beatles‘ Abbey Road entered the world and closed the…Read More

Category: Music, Weekend

What I learned after 30,000 posts . . .

After 30,000 posts, Big Picture blogger has figured a few things out Barry Ritholtz Washington Post, September 19, 2014     Sometime last week, I published my 30,000th blog post. This was no small accomplishment — I started the Big Picture blog back in 2003. Since then, I have published a stream of charts, investing…Read More

Category: Apprenticed Investor, Cognitive Foibles, Weblogs

MiB: Byron Wien

This week’s Masters in Business Radio show starts at 10:00 am and 6:00 pm on Bloomberg Radio 1130AM and Siriux XM 119 (and repeats all weekend). Our guest this week is Byron Wien, Vice Chairman of Blackstone Investment Partners and former Chief Investment Strategist at Morgan Stanley. It is a fascinating discussion with an old…Read More

Category: Podcast

10 Weekend Reads

Pour yourself a tall cup of black coffee, settle into your favorite easy chair, and enjoy our unique longer form Weekend reads: • Inside the New York Fed: Secret Recordings and a Culture Clash (ProPublica) see also Michael Lewis: The Secret Goldman Sachs Tapes (Bloomberg View) • Derek Jeter Opens the Door. (NY Mag) • Not…Read More

Category: Financial Press

Succinct Summation of Week’s Events 9.26.14

Succinct Summations week ending September 26th Positives: 1. New home sales came in at 504k vs expectations of 430k which was the biggest beat relative to expectations since May 2010. 2. Core durable goods rose by 0.7%, the plunge in headline orders was not unexpected. 3. China’s Shanghai Composite had a new one-year closing high…Read More

Category: Markets

What is the Impact of all those Buybacks?

Today’s chart comes from a very interesting article on stock buybacks from Aswath Damodaran, a professor at New York University. He writes: This has been a big year for stock buybacks, continuing a return to a trend that started more than two decades ago and was broken only briefly by the crisis in 2008. The…Read More

Category: Buybacks, Data Analysis

Buy Stocks? No Way!

Another classic from Jason Zweig’s archives:   On this day in 1988: Buy Stocks? No Way! hollers a headline in Time magazine. Wild horses couldnt’ drag me back into stocks. Rather than gamble in this market, I might as well go to Las Vegas, retail investor Curtis Beusman tells Time. Eleven months after last years…Read More

Category: Investing, Really, really bad calls