Ask the Spud: Does Home Bias Ever Make Sense?
Q: The Global Couch Potato has one-third of the equity allocation in Canadian stocks, but Canada makes up only...
Canadian Couch Potato
Why I Have No Faith in Market Timing
Earlier this week I described the market timing strategy outlined in Mebane Faber’s book The Ivy Portfolio. I chose...
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...
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...
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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...
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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...