Richard Bernstein: Reviving Guns & Butter?
by Richard Bernstein Advisors Economic historians sometimes refer to mid-1960s’ US fiscal policy as “Guns & Butter”. The…
Quick Thoughts on War
by Richard Bernstein Advisors RBA is not an event-driven firm, but war is an extremely serious event and…
Quality = Value
by Richard Bernstein, Richard Bernstein Advisors By the end of 2025, the US equity market was narrower for…
3 Investing Principles And Why They Signal International Markets for 2026
by Richard Bernstein Advisors There are 3 tried and true investing principles: Earnings growth ultimately drives equity performance.…
Chase the Road Runner but don’t go over the cliff
by Richard Bernstein Advisors Wile E. Coyote was the unlucky villain in the Road Runner cartoons. Looking for…
The Case for Core International Equity Exposure
Michael Greenberg, Head of Americas Portfolio Management at Franklin Templeton explains why international equities are no longer a tactical side bet, but a structural core allocation—and how disciplined portfolio construction is becoming the real source of durability
Boring is Beautiful
by Richard Bernstein, Richard Bernstein Advisors 2025 was a historic year for speculation 2025 was a historic year…
Time to be boring
by Richard Bernstein, Richard Bernstein Advisors When the rally in TMT stocks turned into a bubble in 1998/99,…
WTF: Watch the Fed
by Richard Bernstein, Richard Bernstein Advisors Liquidity has been a primary driver of financial asset returns over the…
Can you have your cake and eat it too?
by Michael Contopoulos, Deputy CIO, Richard Bernstein Advisors Markets are currently pricing in a Goldilocks scenario. Investors believe tariffs…
Richard Bernstein: Charts for the beach (08/14/2025)
by Richard Bernstein, Richard Bernstein Advisors It’s been a hot summer in New York City, and the markets…
Speculators should be wary. Investors should be licking their chops.
by Richard Bernstein, Richard Bernstein Advisors There have been two times in my career when speculation ran rampant,…
A bird in the hand...
by Richard Bernstein, Richard Bernstein Advisors Dating back to medieval falconry, the proverb “a bird in the hand…
The Mag 7 becomes the Mid 7
by Richard Bernstein, Richard Bernstein Advisors Our groundbreaking research in 1995 showed that style, size, quality, and sector…
Diversification vs. the Siren's Song
by Richard Bernstein, Richard Bernstein Advisors 25 years ago I wrote a book called “Navigate the Noise” that…
When certainty is scarce...
by Michael Contopoulos, Deputy CIO, Richard Bernstein Advisors Fixed income investors value certainty above all else. Certainty brings confidence…