Article archive

29 Jun 2014 Harvard got a 1.7% return over 5 years vs. a 7% return on the S&P 500

Given their almost infinite time horizon, university endowments should be pursuing a long-term “buy and hold” strategy, and one of the best ways to do that is by investing in low-cost indexed funds.
29 Jun 2014 Chinese investment abroad is poised to surpass its inward flows

In an unprecedented shift, Chinese companies are on the cusp of investing more in the rest of the world than the world invests in China. This turning point in global capital flows could be reached "within two years", according to projections from the UNCTAD's World Investment Report released this week.
27 Jun 2014 Immigration and wages

Follow-up to the article below
27 Jun 2014 The optimal number of immigrants

The United States is made up of three and a half million square miles, with 84 people per square mile. The United Kingdom has 650 people per square mile. If we let in two billion people, we’ll have no more population density than the UK...
26 Jun 2014 Investors Must Dig Deeper in an Overvalued Market

In a market leaning toward the overvalued side, stock-picking is key, and opportunities can still be found...
26 Jun 2014 Housing and government policy - The loan arranger

WANDERING back from lunch down New Bond Street involves my passing dozens of shops with designer brands and shiny jewellery. Even as a middle class professional, I could never afford to buy anything. But no one would suggest it is up to the government (or the central bank) to make it possible for me to do so, especially by offering me cheap loans (bling bonds, perhaps)...

Dataroma's opinion:
At last, a sane voice regarding housing policy.
25 Jun 2014 Stock Picking Matters in the Current Market Climate

Has the current market environment begun to favor less speculative companies and investment managers with a more active orientation? Director of Investments, Managing Director, and Portfolio Manager Whitney George talks about valuations, sectors and industries that he believes look promising, and some names in which he has high conviction.
25 Jun 2014 Big Investors Missed Stock Rally

Pension Funds, University Endowments Diversified Into Other Investments With Disappointing Performances
25 Jun 2014 U.S. Ruling Loosens Four-Decade Ban On Oil Exports

Shipments of Unrefined American Oil Could Begin as Early as August (may require subscription)
25 Jun 2014 More growth, less warming

The only way to get dangerous global warming is to assume stagnation
23 Jun 2014 Jeremy Siegel: Fed gives 'green light' for Dow 18K

"That's why the so-called defensive sectors have done well, because I'm going to buy yield if there ain't going to be yield anywhere else."

23 Jun 2014 Wilbur Ross: Sovereign debt the 'ultimate bubble'

"I've felt for some time that the ultimate bubble, when we look back a few years from now, is going to be sovereign debt, both U.S. and other, because it's way below any sort of reversion to the mean of interest rates"

On Bank of Ireland stake: