Happy New Year! Now that the dust has settled on 2015, it’s time to enjoy the flood of predictions coming from well-known (and not so well-known) experts on stock market performance for 2016.  I did a quick scan and came up with the following: Julian Emanuel, a strategist at UBS, expects the S&P 500 to…
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In a recent 2016 investment outlook paper, Joseph Davis, Vanguard’s chief economist, estimated annual global equity growth over the next five to ten years to be in the 5%-8% range, significantly below the 10% average from 1926-2014. He based this expectation to a large extent on lower U.S. and international GDP real growth rates.  While…
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This Thanksgiving (which is tomorrow as of this writing), when you find yourself leaning back from the table after having consumed a bountiful turkey repast, it’s only natural for your thoughts to turn to a historical event that kicked off one of the greatest real estate booms in American history. I’m referring of course to…
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Cliff Asness, co-founder of AQR Capital Management, recently stated on Bloomberg TV, “I used to think being great at investing long-term was about genius. Genius is still good, but more and more I think it’s about doing something reasonable, that makes sense, and then sticking to it with incredible fortitude through the tough times.”  In…
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The year 2015 may or may not be remembered as the year that ended one of the longest U.S. stock bull markets in history, but for those of you holding individual stocks in your portfolio, it will probably bring to mind the thrashing that their prices have undergone. Volatility, of course, should be nothing new…
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