ACTIONABLE ADVICE FOR FINANCIAL ADVISORS: Newsletters and Commentaries Focused on Investment Strategy

Articles 2008


Vol 2 no 1 (January 2, 2008)

Why the Falling Dollar is Good for the Market
Letter to the Editor re FundQuest's Study of Active and Passive Management

Vol 2 no 2 (January 8, 2008)

John Bogle: Fixed Income Indexing and his 2008 Market Forecast
John Bogle: Black Monday and Black Swans
Hedge Funds in High Net Worth Portfolios

Vol 2 no 3 (January 15, 2008)

After the Belle Époque: Chip Roame and Geoff Bobroff Analyze Trends in the Fund Management Industry
Perspectives on the Capital Markets in 2007 and Beyond
Performance Results for Target Date Funds

Vol 2 no 4 (January 22, 2008)

Investor Timing and Fund Distribution Channels
Investor Timing and Fund Distribution Channels: Our Analysis
Maybe Smart Money...Isn't So Smart
The Reopening of Magellan

Vol 2 no 5 (January 29, 2008)

Our Interview with Peter L. Bernstein
What is a Recession?
Q4 Performance among the Most Popular Funds in the Advisor Perspectives Universe
Letter to the Editor: Do Market Timing Studies Properly Adjust for Risk?

Vol 2 no 6 (February 5, 2008)

Forecasting the Price of Oil and its Impact on the Economy
Education and Innovation in the Leveraged Index Market
Letter to the Editor: Definition of a Recession 
Freedom through Independence: Outsourcing your Investment Research

Vol 2 no 7 (February 12, 2008)

The Size, Scope, and Future of the Sub-Prime Crisis
Assessing the Damage of January 2008
Letter to the Editor re Peter L. Bernstein
The ZAG Study: Questioning the Objectivity of Privately Funded Academic Research
Changes in the Most Popular Mutual Funds

Vol 2 no 8 (February 19, 2008)

Historical Earnings, P/E Ratios, and Sector Valuations in Today's Market
Attracting Mutual Funds Flows by Attracting Big Clients
Changes in Asset Allocation

Vol 2 no 9 (February 26, 2008)

Will the US Sub-Prime Crisis be as Bad as History Suggests?
Our Analysis: Is the US Headed for a Lost Decade?
Debunking the Mystique of Swiss Asset-Protection Schemes
Freedom through Independence: Compliance  

Vol 2 no 10 (March 4, 2008)

Understanding Morningstar's Hedge Fund Ratings and Indexes
Our Analysis of Morningstar's Hedge Fund Ratings and Indexes
Measuring the Performance of Near-term Target Date Funds
Index Fund and ETF Usage in the Advisor Perspectives Universe

Vol 2 no 11 (March 11, 2008)

Is Consumer Spending Signaling a Recession?
Commodities as an Asset Class
Letter to the Editor re Biases in Morningstar's Approach
Letter to the Editor re Risks in Swiss Investments

Vol 2 no 12 (March 18, 2008)

Interest Rate Risk, Correlation, and the Diversification Challenge
Measuring Funds by a Jury of their Peers
7 Ways to Improve Client Communications
Consumer Spending and Sales Tax Receipts

Vol 2 no 13 (March 25, 2008)

Carmen Reinhart:  Putting the Sub-Prime Crisis in Perspective and the Risks that Remain
Commodities and Natural Resource Scarcities
The 10 Investor Profiles: How to Manage Your Clients and Prospects
Correlation and Peer Group Composition

Vol 2 no 14 (April 1, 2008)

Two Forecasts for the Sub-Prime Crisis
Our Interview with Mason Hawkins of Southeastern Asset Management
Our Interview with Mark Hulbert of the Hulbert Financial Digest
Collective Wisdom, Financial Markets, and Investment Lessons from Google(TM)

Vol 2 no 15 (April 8, 2008)

The Four Top Investment Strategy Challenges for Financial Advisors
What the Bear Stearns Bailout Means for Bank of America's Acquisition of Countrywide
Tom Au: Bearish Forecast for the US Market in the Wake of the Sub-Prime Crisis
Letter to the Editor re Passive versus Active Management

Vol 2 no 16 (April 15, 2008)

Tiburon CEO Summit XIV
Ron Insana: After the Mauling of the "Bear," Has the Bull Market Begun?
Economic Recovery: Treat the Disease, not the Symptoms
No Place to Run, Except...
A 45 Year Forecast for the World Economies
Letter to the Editor re Passive versus Active Management

Vol 2 no 17 (April 22, 2008)

Do Cultural Biases Inhibit Performance?: The Case of Style Boxes
Cultivating Wealthy Clients with Performance-Based Fees
The Sub-Prime Crisis, Gold, and Forecasts for the Stock Market
Letter to the Editor re Coin Flipping and Active Management
Q1 2008 Performance among the Most Popular Mutual Funds in the Advisor Perspectives Universe

Vol 2 no 18 (April 29, 2008)

Our Interview with Phil DeMuth and Ben Stein
Michael Steinhardt on Today's Markets and the Evolution of the Hedge Fund Industry
Sovereign Wealth Funds: Perceptions and Realities
Changes in the Most Popular Mutual Funds
Letters to the Editor:  Coin Flipping and Active Management; Feedback on the Tiburon Conference
Letter to the Editor: Do Style Boxes Inhibit Performance?

Vol 2 no 19 (May 6, 2008)

What Stage of the Sub-Prime Crisis are We In?
Exposing Biases in Reported Economic Data, and Why we are Headed to Hyperinflation
The Impact of Recessions on Large-Cap and Small-Cap Equities
Why Wall Street Needed Credit Default Swaps
Letter to the Editor: Coin Flipping and the Active-Passive Debate

Vol 2 no 20 (May 13, 2008)

Our Interview with Charley Ellis
Follow up: What Stage of the Sub-Prime Crisis Are We In?
Coin Flipping and the Search for Alpha
The Elusiveness of Investment Skill
Changes in Asset Allocation

Vol 2 No 21 (May 20, 2008)

Boomer Retirement Portfolios after the Housing Bubble
Our Analysis of S&P Study of Equal Weighted Indexing
What Drives China's Economy
Letters to the Editor:  Identifying Skillful Managers
Advisor Perspectives - One Year Later

Vol 2 No 22 (May 27, 2008)

Harold Evensky: Inflation, Asset Allocation, and the Most Important Planning Vehicle for the Next Decade
What do License Plates and Chateau Lafite Have in Common?
Direxion/Wilshire Dynamic Dynamic Asset Allocation Models
Dissecting the Returns in the EFA: Currencies versus Countries
Letter to the Editor: Identifying Skillful Managers

Vol 2 No 23 (June 3, 2008)

Our Interview with Ken French
Asset Location: 9 Tips for Avoiding Unnecessary Taxes
Letter to the Editor: The Right Benchmark for the Marketocracy Fund

Vol 2 No 24 (June 10, 2008)

Evaluating Active Managers: The Role of Belief Systems
The Great Oil Price Debate
Are Reverse Mortgages Really Expensive?
Letters to the Editor: Reactions to our Interview with Ken French
Letter to the Editor: Identifying Skillful Active Managers

Vol 2 No 25 (June 17, 2008)

Peak Oil and the Long Term Asset Allocation Implications
Agriculture: Global Trends and Investment Implications
Letter to the Editor: Evaluating Active Managers
Letters to the Editor: Reactions to our Interview with Ken French

Vol 2 No 26 (June 24, 2008)

The Mortgage Crisis Part II - Is the Bleeding Over?
Global Real Estate: Is There Still Opportunity Ahead?
Financial and Charitable Strategies for Managing Concentrated Stock Risk
Benchmarking the Performance of a Portfolio
Letter to the Editor: Peak Oil
Letter to the Editor: Ken French
Letters to the Editor: Kudos

Vol 2 No 27 (July 1, 2008)

Investing Like the Harvard and Yale Endowment Funds
Modular Portfolio Construction®: Bringing an Institutional Framework to Individual Investors' Portfolios
Time to Invest in Frontier Markets?
The Case for Investing in Master Limited Partnerships (MLPs)
Letters to the Editor: Peak Oil
Letter to the Editor: The Mortgage Crisis

Vol 2 No 28 (July 8, 2008)

Don't Pay Alpha Fees for Beta Performance
Truth in Labeling - New Research from FundGrades
Pain Management in a Decrepit Decade
Letter to the Editor - Just the Facts, Ma'am

Vol 2 No 29 (July 15, 2008)

IndyMac's Failure and the GSE Bailout: An Epitaph and Prognosis
Survey Results:  Most Pressing Needs for Wealth Managers
The How, Why, and Why Not of "What If?"
The Economics of Immigration
New Study Finds Target Date Industry Has Serious Shortcomings

Vol 2 No 30 (July 22, 2008)

Our Interview with Mohamed El-Erian
Q2 Performance among the Most Popular Mutual Funds in the Advisor Perspectives Universe
Changes in Asset Allocation in the Advisor Perspectives Universe
Changes in the Most Popular Mutual Funds in the Advisor Perspectives Universe

Vol 2 No 31 (July 29, 2008)

Testing Times - A US Recession and the BRIC Economies
Water: The Next Oil or an Infrastructure Play?
Challenges Mount for 401(k) Fiduciaries

Vol 2 No 32 (August 5, 2008)

Fundamental Indexing Debunked
Power Plays? Opportunities in Alternative Energy
Luck versus Skill in Active Mutual Funds
The BRIC Consumer Economies: Shopping but not Dropping
Letter to the Editor: Sub-Prime Crisis

Vol 2 No 33 (August 12, 2008)

Our Interview with David Darst
Letter to the Editor - Luck versus Skill in Active Mutual Funds (Tom Howard)
Letter to the Editor - Luck versus Skill in Active Mutual Funds (Ron Surz)
What to Do with Those Impaired MBS Holdings
Letter to the Editor: Sub-Prime Crisis

Vol 2 No 34 (August 19, 2008)

Investment Strategy Blogs Slow to Influence Investment Advisors
Letters to the Editor: Luck versus Skill, Round Three
Letter to the Editor: Luck versus Skill - Tom Howard Responds
Letter to the Editor: When Will Objectivity Enter the Active versus Passive Debate?
The Top Trends to Follow in ETF Investing
Index Fund and ETF Usage in the Advisor Perspectives Universe

Vol 2 No 35 (August 26, 2008)

The Perilous Path of Social Security
The Medicare and Medicaid Trust Funds: How Sick is the Patient
China and Starbucks: Late Stage Growth Obesity
Letter to the Editor:  The New Ptolemains

Vol 2 No 36 (September 2, 2008)

Woody Brock: Oil Prices in the Era of Thugocracy
A Brief Response to the Criticisms of Target Date Funds
Bull, Bear, and Cowardly Lion Markets
Letter to the Editor: Alpha during Market Cycles

Vol 2 No 37 (September 9, 2008)

Our Interview with Robert Shiller
Global Infrastructure Investing: New Asset Class or Fad?
When it Comes to Fund Management, Two Heads Really are Better than One
Letter to the Editor: Howard is Right. The World is Flat!
Letter to the Editor: Travels in Four-Packistan
Letter to the Editor: Luck versus Skill and the Analogy to Astronomy

Vol 2 No 38 (September 16, 2008)

Our Interview with Nouriel Roubini
Convertible Securities in Action
S&P Says "We Don't Expect Lehman to Fail" (That was on Friday)
Style Box Flukes Snare Index Huggers
Letter to the Editor: Benchmark Battles

Vol 2 No 39 (September 23, 2008)

Michael Lewitt on the Key Issues in the Credit Crisis
Averting Moral Hazard:  When, at What Cost, and to Whom
A Death Greatly Exaggerated: Understanding and Profiting from EAFE; Current Prospects
The Bubble Unburst: Housing Woes Persist
The Fall of Lehman: How to Fix It - Part II
Luck versus Skill in Active Management: A Perspective on the Debate

Vol 2 No 40 (September 30, 2008)

Our Interview with George P. Shultz
From Wall Street to Main Street: Bank Insolvency and the Credit Crisis
Differing perspectives on the Credit Crisis from Harvard's Top Minds
Jean-Marie Eveillard: The Chances of a Debacle are Zero .. Approximately
The Manager Skill Enigma
Industry Authority Bob Veres Joins Advisor Perspectives' Board of Advisors

Vol 2 No 41 (October 7, 2008)

Why It's Hard to Copy Harvard and Yale
The Credit Crisis and Repricing of Risk, One Year Later
The Global Credit Crisis and Emerging Markets
Nassim Nicholas Taleb: How to Live in a World of Black Swans
A Decrepit Decade Just Keeps Getting Worse

Vol 2 No 42 (October 14, 2008)

10 Tips: Crisis Management and Client Relationships
Healthcare Politics: The U.S. Election and Its Potential Impact on the Healthcare Sector
The Endowment Investment Approach: Should Wealthy Taxable Investors Replicate the Strategy?
Michael Aronstein: Optimism for Housing and the Economy
The Case for Value Investing
Changes in Asset Allocation in the Third Quarter of 2008
Letter to the Editor

Vol 2 No 43 (October 21, 2008)

Our Interview with Vitaliy Katsenelson
Allen Sinai: An Economy in "the Holy Terror Stage"
Market Performance and Presidential Politics: What Not to Believe
Changes in the Most Popular Mutual Funds
Headline Hazards - Don't Forget the Small Print!
Survival of the Longest
Letters to the Editor - Endowment Funds and a Correction

Vol 2 No 44 (October 28, 2008)

Charley Ellis on Goldman Sachs and Henry Paulson
Tantalizing Opportunities in High-Grade Bonds
Q3 2008 Performance among the Most Popular Mutual Funds in the Advisor Perspectives Universe
You Are Not as Dumb as You Think - or - Psychotherapy for Bear Markets
Warning: Market Meltdown Generates Index Mayhem
The Five Stages of Grief: Nothing a Little Patience and Renewed Confidence Can't Cure
In Turbulent Times, Focus on the Fundamentals
Letters to the Editor - Bear Market Sentiment and Measuring Market Valuation

Vol 2 No 45 (November 4, 2008)

Where is the Bottom in the Housing Market?
Target-Date Portfolios and Retirement Financial Security
George Soros - "The Authorities have Lost Control"
Stable Risk Portfolios: A Timely Alternative to Static Asset Allocations?
Rating the Regulators
Talking Investors Down Off The Ledge
Putting the Crisis in Perspective for Investors
Decimation of the Finance Sector

Vol 2 No 46 (November 11, 2008)

Consumer Spending has Flat-Lined; When will it Recover?
Creating a 5-Star Client Experience: A Practice Management Program from Janus Labs
Portfolios for Turbulent Times
The Obama Administration and the Credit Crisis
Measure Twice, Invest Once: Motivated Reasoning and Behavioral Finance
Avoiding the Path to Extinction: Wirehouses Must Empower Advisors to Keep Customers
The Unintended Consequences of a Regulated Environment
Oktoberfist: Digesting October's Sucker Punch

Vol 2 No 47 (November 18, 2008)

Jeremy Siegel on why Equities are "Dirt Cheap"
Searching for Superstar Companies
The Disappearance of the Equity Risk Premium
Barney Frank: Leadership versus Partisanship
How the Ultra-Wealthy are Responding to the Current Market
Energy Stocks, Industrials, and Materials Remain Overvalued
Out of the Red: Russian Markets Poised for Recovery

Vol 2 No 48 (November 25, 2008)

How to Fix GM
Our Interview with Patrick Anderson
Letters to the Editor: Jeremy Siegel on Why Equities are "Dirt Cheap"
Active versus Passive: A Flawed and Misleading Study
Being Able to Answer the Question
Labeling Equity Fund Managers
A Rough Road Toward 2010: A Performance Comparison of Active vs. Passive Target Date Funds

Vol 2 No 49 (December 2, 2008)

Dan Fuss: The 50-Year Opportunity in Bonds
Extraordinary Times for Financial Markets-and the Global Economy
Big Deficits Do Not (usually) Mean High Inflation
A New Book - Financial Darwinism - Says Adapt or Face Extinction
A DCF Model Says the S&P is 20% Undervalued
Letters to the Editor: How to Fix GM
A Quick Look at Where We’ve Come so Far

Vol 2 No 50 (December 9, 2008)

Our Interview with Niall Ferguson
The Financial Frontiers Awards: Investing in the Future of Our Profession
Mohammed El-Erian: "Resist the Temptation to Automatically Rebalance"
John Paulson on De-leveraging and Opportunities in Financial Services
GM on the Highway to Bankruptcy

Vol 2 No 51 (December 16, 2008)

TARP: A Flawed Acronym, Not a Flawed Mission
Diversification - When More is Less
In Defense of "Faux Planners"
Letter to the Editor - The Hedonic Pleasure Index(TM)
The Disaster Formerly Known as the USSR
Editorial: The Mother of All Moral Hazards

Vol 2 No 52 (December 23, 2008)

John Bogle on Leadership, Asset Allocation, and the Outlook for 2009
The Empire Strikes Back - Reflections on Mary Schapiro's Nomination as SEC Commissioner
Managed Futures: An Overlooked Asset Class
Roth IRA Conversions - a Golden Opportunity for Advisors and their Clients
Jay Light: This Time is Different
Letters to the Editor - In Defense of "Faux Planners"
Letters to the Editor: Diversification - When More is Less

Vol 2 No 53 (December 30, 2008)

The Top 10 Most Read Articles for 2008

  1. Jeremy Siegel on why Equities are “Dirt Cheap”
  2. Our Interview with Mohamed El-Erian
  3. Dan Fuss: The 50-Year Opportunity in Bonds
  4. Mohammed El-Erian: “Resist the Temptation to Automatically Rebalance"
  5. Our Interview with Nouriel Roubini
  6. Our Interview with Peter L. Bernstein
  7. Why It’s Hard to Copy Harvard and Yale
  8. Woody Brock: Oil Prices in the Era of Thugocracy
  9. Investing Like the Harvard and Yale Endowment Funds
  10. Our Interview with Vitaliy Katsenelson

The Coming Crisis in China (and Implications for the US)
Getting All the Pieces of the Puzzle
Letters to the Editor - In Defense of "Faux Planners" and "The Empire Strikes Back"



Website by the Boston Web Company