Market Timing Goes to College
In recent years, the so-called Yale Model has been extremely popular with investors. The model is an attempt to...
Articles By Dan Bortolotti:
Can You Protect Your Portfolio From Drawdowns?
If your portfolio loses 1% today and gains 1% tomorrow, are you back to even? Not quite, but you’re...
Risk and Uncertainty in Stock Markets
When we consider the risk in investing, we’re often thinking about volatility: that is, the sometimes dramatic movements in...
The Models Are Broken—But Indexing Still Works
If you’ve researched the theoretical foundations of index investing, you’ve no doubt come across Modern Portfolio Theory and the...
Closing the Behavior Gap
I once went to an investment seminar at my local library. It was attended by a handful of folks...
Apple and the Dividend Puzzle
As loyal readers will know, I’ve been critical of the zeal with which some investors approach dividends. Based on...
Claymore’s Final Report Card
Tracking error—the difference between the performance of a fund and that of its benchmark—is the best way to measure...
Why Daily Market Commentary Is a Joke
I haven’t watched Saturday Night Live for a long time, but I’ve been thinking about a classic line from...
Is the Market Overvalued? Depends Who You Ask
Critics of index investing often argue that the strategy is not sensitive to valuation. They feel that a simple...