Cliff Asness, Wall Street sharks and market inefficiency
Markets now exhibit far more casino-like behavior than they did when I was young. The casino now resides in many homes and daily tempts the occupants.
Part 1: The Field of Play
Secure your future with common stocks
Businesses retain earnings, with these going on to generate still more earnings–and dividends, too.
Putting a world of turmoil in perspective
Today’s investor cannot tell from this record what percentage gain in earnings, dividends and prices he may expect in the next ten years, but it does supply all the encouragement he needs for a consistent policy on common-stock investment.
Why stocks outperform all other asset classes
A major reason is that businesses retain earnings, with these going on to generate still more earnings–and dividends, too
Why an all-stock approach to investing makes good sense
Leaving moderate risk in the dust
I differ with Cliff Asness about Risk Adjusted Returns
Once you own shares in a company, the investment risk you face is a risk that undermines the value of what you own
What to make of recent market run up?
Rising prices are a narcotic that affect the reasoning power up and down the line
The Joy of ‘higher for ever’ interest rates
The combination of a Treasury Note Real Yield of roughly 2% today and Inflation Expectations of roughly 2% is the best and most benign it has been since the 1970’s when inflation caught fire.
Investors can get scammed on Wall Street
One of his investment funds had the name Consolidated Artists Investment Fund. Get the joke? Con Artist Investment Fund.
The market can be beaten
He will risk half his fortune in the stock market with less reflection than he devoted to the selection of a medium-price automobile
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