|
|
|
|
|
|
    
December 27, 2011 - Vol 5 Issue 52 
Dear Reader, Advisor Perspectives has created a new feature to make it easy for you to manage your account. If you change firm, AUM, email address or just want to change the subscriptions you are receiving log-on here! Happy New Year from all of us at Advisor Perspectives!  If you are experiencing problems opening or navigating through our newsletters, we can send you a text-only version. Please send an email to feedback@advisorperspectives.com requesting the "text-only" version. If you have received this newsletter in error, or you do not wish to receive future newsletters, please use the "Safe Unsubscribe" option at the end of this email.
|
 The Ten Most-Read Articles in 2011
By Robert Huebscher
As is our custom, we conclude the year by reflecting on the 10 most-read articles over the past 12 months. 
| 
|
The Ten Best Articles You Probably Missed
By Robert Huebscher
Great articles don't always get the readership they deserve. Here are 10 articles that you might have missed, but I believe merit reading.
|
|
Vitaliy Katsenelson on Krugman's Missed Call
By Robert Huebscher
Vitaliy Katsenelson is the chief investment officer at Investment Management Associates, a Denver-based money management firm, and the author of two highly acclaimed books on value investing. In this interview, he identifies what Paul Krugman failed to see with regard to China, discusses the prospects for the European and domestic economies, and explains why Microsoft is a grossly undervalued stock.
|
|
Seven Critical Words to Share with Top Clients
By Dan Richards
Successful advisors focus on talking to their top clients. But even when advisors talk to clients frequently, one important sentiment and seven critical words often get missed.
|
|
Letters to the Editor Readers respond to three recent articles and commentaries: Wade Pfau's article, GLWBs: Retiree Protection or Money Illusion?, which appeared on December 13; PIMCO's commentary, Hot Potato, which appeared on December 21; and Kay Conheady's commentary, Does the Trend Matter?, which appeared on December 20.
|
|
Highlights from Market Commentaries
 NewsLetter - December 2011
No question the markets have been scary and whenever that happens youll read about the value of diversification. The good news is, it works. It may not work day-to-day but over economic cycles, it works. Still, most investors do not really understand what a real diversified portfolio looks like so I did a quick and dirty evaluation of E&Ks typical investment portfolio and found: Stock positions in well over 12k different companies. The largest single position was Exxon at about 0.8% in an all equity allocation. Companies based in over 40 different countries.
Tags: Equities US Sovereign Debt
NewsLetter - December 2011 by Harold Evensky of Evensky & Katz
 When "Positive Surprises" Are Surprisingly Meaningless
How much importance should we put on the fact that economic data has delivered positive surprises in recent weeks? Don't all these surprises significantly short-circuit the risk of probable recession? As economist John Williams observes, "starting in October, a divergence developed: Whereas year-to-year change in BLS estimated payroll earnings continued at a more-or-less constant, positive level, tax receipts fell quite markedly. Where the Treasury numbers reflect full reporting, the BLS data are sampled..modeled and..revised...the BLS has overstated average earnings..in recent months."
Tags: US Employment Sovereign Debt
When "Positive Surprises" Are Surprisingly Meaningless by John P. Hussman of Hussman Funds
The New International Economic Disorder
A new economic order is taking shape in front of our eyes, as the old Western powers and the emerging worlds major new players converge. But the forces driving this convergence are not those that generations of economists envisaged when they pointed out the inadequacy of the old order.
Tags: US Europe Frontier Markets
The New International Economic Disorder by Mohamed A. El-Erian of Project Syndicate
|
|
|
|
|
|
|
|
|
|
