Editor/Writer, Financial Services and Public Policy
I’ve been covering the investment industry for more than a decade, first as associate editor at Global Stratagems then as investments editor at Advisor.ca, editor of CanHedge and finally editor of Advisor’s Edge Report. I have also contributed articles on alternative investments to Benefits Canada, Canadian Investment Review, Morningstar.ca and Report on Business magazine.
Matt Rothman, describes yawing volatility, noting that all stocks seem to move at something close to the same rate – 70% of the time.
Who could have known what countries were in trouble betwixt the cup of the Great Moderation and the sip of the Great Recession?
How bad could the new normal get? Well, the old rules of thumb won't work anymore.
A traditional asset allocation policy that relies on rebalancing can't work – at least not for everyone.
Principals may have an interest in efficient markets, but agents have their own interests which tend to compensation, among others.
Over the long-term, everything outperforms stocks.
Flight to safety versus flight to liquidity.