Active vs. Passive: Game Over

posted in: Blog, Other, Writing | 0

Screen Shot 2015-11-16 at 12.49.55 PMI just finished a white paper for a large financial institution on the well worn topic about which is better: active or passive investment strategies.

Sometimes, it’s productive revisit old topics because they bring a fresh perspective that either reinforces ones’ conviction or makes a slight chink in the wall that slowly exerts its influence until the next time the subject is revisited.

No such change of conviction occurred about the superiority of passive investment strategies after a deep dive on behalf of my client.  While I managed to write about 2,000 words on the topic, to me, it boils down to this: read more

How and Where to Invest to Outmaneuver the Risks of Falling Inflation

posted in: Writing | 0

David Evanson and Oliver Pursche, Spring, 2015

The risks of disinflation or falling inflation, and perhaps even deflation, to the U.S. economy are real, and we will likely contend with it for years to come.

As a result, investors will have to invest in a low interest rate environment for years, perhaps for the next decade.

This will require a significant change in how investors view the landscape, as negative returns from bonds along with flat commodity prices will limit investorszz choices in terms of how to lower portfolio volatility. read more

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