Value and Momentum: January 2014
One strategy we use to improve performance beyond Basic Strategy is to tilt client portfolios toward asset classes that are more attractive based on value and momentum measures. Value measures […]
Value and Momentum: December 2013
Although a long-term asset allocation policy (which we sometimes refer to as Basic Strategy) is the foundation of our investment strategy, we do deviate from it to some extent to […]
2012 Year-End Valuations
Valuation ratios such as P/E are not very useful in making one year predictions, although they do a fair job of predicting longer-term returns of at least 5-10 years …
2011 Year-End Valuations
As mentioned last year, valuation ratios such as P/E are not very useful in making one year market predictions. This is disappointing, since they do a fair job of predicting longer-term returns of at least 5-10 years …
Value and Momentum: April 2014
One strategy we use to improve performance beyond Basic Strategy is to tilt client portfolios toward asset classes that are more attractive based on value and momentum measures. Let’s look […]