The Real Deal
It is easy to forget the picture of long-term economic growth given today's turbulent markets. In 1925, the…
The Bond Roller Coaster
Investors have benefited over the past three decades from an unprecedented bull market in bonds since long-term government…
The Price of Emotion
Successful investing is built on twin pillars – diversification and self-control. Crafting a thoughtfully diversified strategy but not…
The Problem of Persistence
By Michael Nairne, Tacita Capital On January 1, 2000, Jim Smith invested with Manager X. Jim had done…
Give Bernanke A Break
As populist politicians, long on hypocritical outrage and short on fiscal rectitude, begin the witch hunt for the…
Good Things Come in Small Packages
One of the most important findings of modern finance is that small companies, on average, have higher returns…
Routinely “Under Water”
Investors, fondly recalling the October 2007 high in the U.S. stock market, are undoubtedly anxious to see a…
The Retirement Lottery
On January 1, 1980, Jim and Jane Smith sold their business and retired on $1,000,000. Peter Jones, their…
Lower Than You Think
Although many analysts fear the inflationary consequences of the massive money supply created by the U.S. Federal Reserve,…
The Discomfort of Diversification
When Harry Markowitz, an aspiring graduate student, had his article entitled Portfolio Selection published in the Journal of…
Beating the Market
By Michael Nairne, Tacita Capital For many investors, beating the market is the holy grail of investing. In…
