Monthly Archives: May 2024

[ad_1] On February 27, 2024, Investing in U.S. Financial History was published, capping off my exhaustive four-year effort to document the financial history of the United States. The book begins with Alexander Hamilton’s brilliant financial programs in 1790 and ends with post-COVID-19 inflation in 2023. Now that the book promotion […]

[ad_1] How Novelty and Narratives Drive the Stock Market: Black Swans, Animal Spirits and Scapegoats. 2021. Nicholas Mangee. Cambridge University Press. “Where there is novelty, there is instability. Where there is instability there is uncertainty. Where there is uncertainty there are narratives — narratives are the currency of uncertainty.” Nicholas […]

[ad_1] Editor’s Note: This is the final article in a three-part series that challenges the conventional wisdom that stocks always outperform bonds over the long term and that a negative correlation between bonds and stocks leads to effective diversification. In it, Edward McQuarrie draws from his research analyzing US stock […]

[ad_1] Adapted by Lisa M. Laird, CFA, from “Communicating Clearly about Investment Objectives and Risks” by Karyn Williams, PhD, and Harvey D. Shapiro, originally published in the July/August 2021 issue of Investments & Wealth Monitor.1 Earlier in this series, we discussed the need for clear communications at the initial stage of […]

[ad_1] “Defining a style and matching strategies to it provides an important step forward in making sure individuals and their retirement income strategies are aligned. Constructing an appropriate strategy is a process, and there is no single right answer. No one approach or retirement income product works best for everyone.” — […]