This page contains a variety of articles I find insightful and worthy of sharing. It is not intended to be a source for all things investment related but rather a place for me to share interesting ideas.

If you are interested in receiving a daily email with relevant content and not just the basic wrap-up, I recommend the following:

  • “Ritholtz’s Read”, a daily email compiled by Barry Ritholtz of Ritholtz Wealth Management.  Ten articles to get a better historical prospective of our world.
  • “The Daily Shot“, a daily email compiled by Lev Borodovsky of the Wall Street Journal (subscription required).  A series of 40 or more graphics that quantify world economies and markets.

Quick Links

Picking a Financial Professional

The Reality Check on Outperforming the Market

The Psychology of Investing

Investment Management Wisdom

Financial Planning Wisdom

Smart Beta and Factor Investing

Mutual Funds and Annuities

Hedge Funds and Private Equity

International Markets

Gold as an Investment

Daily Dose of Inspiration

Picking a Financial Professional

Before You Pay for Financial Advice, Read This Guide (New York Times, June 2017)

The 21 Questions You’re Going to Need to Ask About Investment Fees (New York Times, Feb 2017)

The 19 Questions to Ask Your Financial Adviser (Wall Street Journal, August 2017)

The Special Trick to Find the Right Financial Adviser (Wall Street Journal, September 2017)

The Reality Check on Outperforming the Market

S&P’s Index vs. Active Analysis (SPIVA): What percentage of mutual funds outperform the market?

Is Efficient-Market Theory Becoming More Efficient? (The Economist, May 2017)

Investing Hot Shots Can’t Time, Either (Bloomberg Gadfly, Sep 2017)

Decreasing Effectiveness of Financial Models to Predict Stock Prices (CFA Institute, Nov 2017)

Beat the Field by Shooting Par (CFA Institute, June 2017)

The Psychology of Investing

The Mental Mistakes that Active Investors Make (Meir Statman, WSJ, Feb 2019)

The Thrill of Uncertainty (Collaborative Fund, Jan 2018)

Ten Insights from Berkshire Hathaway Weekend (Behavioral Value Investor, May 2017)

Poor Charlie’s Almanack (Charlie Munger’s book available through Amazon)

Where is Your Faith? (Daniel P. Egan, Feb 2018)

Smart Beta and Factor Investing

Explaining the Recent Failure of Value Investing (Baruch Lev and Anup Srivastava Oct 2019)

The Smart Beta (R)evolution (DoubleLine Capital, Q3 2019)

Fundamentals of Efficient Factor Investing (CFA Institute Nov 2017)

Stock Market Anomalies (Wall Street Journal, May 2017)

Harvard Management Company Factor-Based Asset Allocation Model (Oct 2017)

Your Complete Guide to Factor-Based Investing (Book available through Amazon)

Mutual Funds, ETFs, and Annuities

How Long Can a Good Mutual Fund Underperform it’s Benchmark? (Morningstar, March 2018)

The Hidden Cost of Mutual Funds: 12b-1 Fees (Nerd’s Eye View, March 2017)

The Annuity 99% of Clients Should Avoid Jane Bryant Quinn (Feb 2016)

A Comprehensive Guide to Exchange-Traded Funds (ETFs) (CFA Institute, May 2015)

Hedge Funds and Private Equity

Private Equity:  Overvalued and Overrated? (American Affairs Journal, Spring 2018)

Nope, Hedge Funds Are Still in the Dumper (Bloomberg Gadfly, Oct 2017)

Private Assets Are the New Hedge Funds (Bloomberg Gadfly, Sep 2017)

Hedge Fund Managers are in Trouble (Washington Post, May 2017)

Stanford Endowment CEO Urges Caution on Private Equity (Bloomberg, June 2017)

Gold as an investment

How to Buy Gold (Bottom Line, Feb 2017)

The New Gold Rush is All About Vaults (Bloomberg, June 2017)

Daily Dose of Inspiration

The Wow Project (Tom Peters, Fast Company, May 1999)

Michael Jordan – Maybe it’s My Fault (Nike Commercial 2008)

Graduates – Be True Patriots (Michael Bloomberg, May 2017)

Never Walk By a Mistake (The Art of Manliness, Oct 2017)

The Power of (Admitting Your) Mistakes (Umair Haque, Nov 2017)

The 10 Things That Require Zero Talent (Jeremy Callahan on LinkedIn, May 2016)