
Chris Brightman, CFA, is CIO for Research Affiliates, Inc.
Chris Brightman, CFA, is CIO for Research Affiliates, Inc.
Investors should consider repositioning their portfolios now to avoid the zero-to-negative returns of cash and government bonds and to protect against long-term inflation.
Volatility is not the only measure of risk …
The current profits recession may be a short-term phenomenon.
Investment products should do more than just meet investors’ financial needs.
Excess returns to strategies that don’t have a sound theoretical underpinning are likely to be random.
Publicly traded U.S. companies are issuing far more new securities than they’re buying back.
Passive and active stand-alone momentum-based strategies can wipe out the value-add that momentum premium can bring.
In the U.S. market, the answer is a resounding 'yes!'
Measuring the quality of the companies we consider buying can improve our investment returns by screening out inevitable lemons.