June 2014

Everything Wrong With Investor Behavior in One Article

A new profile of Bill Miller hit the Wall Street Journal yesterday and boy is it a doozy. If I were teaching a course on behavioral investing, and had lost access to all of the curriculum’s text books for a week, I could probably get by just on pull-quotes from this piece. Something happens to…

Behold the Awesome Power of Financial Twitter

As Chairman of the Twitter Federal Reserve, I sometimes find myself shaking my head at some of the daily banality I see tweeted and shared amidst my domain. More Twitter users has not been an unqualified positive for the financial web, despite the idea of the “network effect” we’re constantly seeing celebrated elsewhere. Sometimes less participation…

How Big is the Delivering Alpha Conference?

Last summer I was invited to cover the joint conference between Institutional Investor and CNBC called Delivering Alpha. At the time, I called it the best investment conference I have ever been to (and I go to lots of these things, as you know). Never before had so many giants of the investment industry been…

Chart o’ the Day: The Industrial Production Boom

Industrial stocks in the S&P 500 are trailing the broad market substantially this year, but they don’t deserve it. As Barron’s Ben Levisohn tells us in this weekend’s Barron’s, industrials may be about to hit their stride in the second half of the year: With questions about economic expansion rampant, the sector dropped 1.4% during…

This Week on TRB

Luis Suarez and Italy’s Giorgio Chiellini, just after the former took a bite out of the latter’s shoulder during Tuesday’s World Cup match between Uruguay and Italy.Photo by Javier Soriano/AFP/Getty Images  These were the most read posts on TRB this week, in case you missed them: What if Wages Rise? Rolling the Drunks Late 90′s…

The top ten ETFs of 2014 at the halfway point

The most fascinating thing about the leading coffee ETNs (1 and 3), which rose 62% and 57% respectively, is that they faced a combined $100 million plus in outflows through the first six months – another reminder that flows aren’t terribly important to exchange traded product performance, while the underlying investments are (almost) everything. Read the full article…