Hot Reads: Was 2022 Active Management’s Time to Shine?

Plus, Charlie Munger calls for the U.S. to ban cryptocurrencies.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

S&P 500, Index Funds Outperformed by Stock Pickers in 2022 (Bloomberg)
With less riding on slumping tech stocks such as Amazon, Tesla and Microsoft, many active fund managers finally surpassed their benchmarks in 2022.

Why America Should Ban Crypto (WSJ)
Berkshire’s Munger writes “it’s a gambling contract with a nearly 100% edge for the house.”

From Marijuana to Metaverse, Specialized ETFs Underperform (Financial Times)
New research shows investors should be wary of funds focused on specific themes or one industry.

Should You Buy Long-Term or Short-Term Bonds? (Of Dollars & Data)
An in-depth analysis of what different Treasury securities can offer your portfolio.

Taleb Says Easy Money ‘Disneyland’ Era Is Over (Fortune)
The author of “The Black Swan” says it will be many years before market conditions normalize and stock valuations bottom out.

The Core Principles of Momentum Investing (Validea)
The fact that a fundamental explanation isn’t required for momentum can make the factor difficult to follow and believe in for many investors.

ARK’s Wood Sticks With $1M Bitcoin Forecast (Bloomberg)
Her forecast is roughly a 4,200% jump from Bitcoin’s current $23,000 level. The cryptocurrency rose nearly 40% in January.

Invesco QQQ ETF a Market-Beating Grab Bag of Big Tech Stocks (TipRanks)
Investors planning to capitalize on the lower prices of tech stocks might want to consider investing in QQQ.

 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.