We always like to defer to simplicity when it comes to asset management. There are numerous reasons why simple portfolios beat complex portfolios: They're easier to manage and automate. They tend to reduce fees and taxes. They tend to perform [...]
There's been a lot of chatter this year about the breadth of the stock market's performance. While the S&P 500 is up 8.5% this year the majority of that performance is being driven by just a handful of the stocks. [...]
Is the 60/40 portfolio "dead" or more alive than ever? In this piece we discuss the irrationally of these narratives and why we know 60/40 looks better than it has in a long time.
I had a funny interaction with someone recently talking about their retirement and the passive nature of the cash market. They were explaining how they were constantly worried about how much cash flow and principal certainty they will have because [...]
The Strategy Lab category is a new feature we'll be adding here at Discipline Alerts. This will focus exclusively on portfolio construction and our views on how to optimize the portfolio construction and management process. We're big believers in the [...]
A COMMON SENSE APPROACH TO LOW FEE INDEXING Everyone has short, medium and long-term expenses. The problem with investing is that these time horizons involve uncertainty because we do not know the time horizons over which certain instruments exist and [...]
We founded the concept of Countercyclical Indexing by answering some simple questions: Is a “balanced index” like a 60/40 stock/bond portfolio actually balanced? Does it make sense to rebalance back to a fixed weight allocation when we know that the [...]