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Larry Swedroe

 
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  • Commodity Trading Advisors Fool Some People All Of The Time [View article]
    alphabeta
    If what you see is correct than you would expect to see say pension plans, who hire top professional consultants to help them select the best of the best. Yet we see evidence is studies that the managers they hire tend to outperform the ones they fire.
    Larry
    Oct 6, 2014. 09:04 AM | Likes Like |Link to Comment
  • Commodity Trading Advisors Fool Some People All Of The Time [View article]
    alphabeta
    The problem is that in the early stages you don't have enough data to know the manager is skilled

    Larry
    Sep 22, 2014. 09:26 AM | Likes Like |Link to Comment
  • Commodity Trading Advisors Fool Some People All Of The Time [View article]
    Nightviola
    Both institutions and individuals invest in them And the data shows basically that like with hedge funds alphas, if any, tend to go the managers, not the investors--and note that is exactly what economic theory would predict: The economic rent should go to the scarce resource. And the ability to generate alpha, not investor capital, is the scarce resource
    Larry
    Sep 19, 2014. 08:54 AM | Likes Like |Link to Comment
  • Do Rising Rates Spell Doom For REITs? [View article]
    http://cbsn.ws/1frzCsC

    and

    ETF.com or more specifically
    http://bit.ly/1gO5Zyt

    Glad you enjoyed them
    Best wishes
    Larry
    Jul 24, 2014. 10:02 AM | Likes Like |Link to Comment
  • The Role Of Credit Risk In Exchange-Traded Notes [View article]
    T Prieto
    depends, If marked to market daily basically don't have that risk.
    It's like with securities lending, they are fully collateralized and marked to market
    Larry
    Jul 19, 2014. 10:33 PM | Likes Like |Link to Comment
  • Do Rising Rates Spell Doom For REITs? [View article]
    Varan
    You and others can still follow my musings at
    http://cbsn.ws/1frzCsC

    and

    http://bit.ly/1gO5Zyt

    Best wishes
    Larry
    Jul 17, 2014. 08:16 AM | Likes Like |Link to Comment
  • Does Taking Corporate Credit Risk Add Value? [View article]
    Westwood
    No, in fact they can sometimes be had with higher yields than in primary market

    Yes you can lose principle if bought at premium, so that is easily managed by avoiding weaker credits, just look at bank rating. And of course if buy at discount not an issue.
    Jul 15, 2014. 10:52 PM | Likes Like |Link to Comment
  • Do Rising Rates Spell Doom For REITs? [View article]
    Paapaa
    Again you are confusing total return (which I said nothing about) with REAL EARNINGS growth of the REITS themselves
    Since we are talking about FUTURE RETURNS we need to estimate the REAL GROWTH in earnings and add to that the CURRENT YIELD, that equals future expected returns

    Larry
    Jul 13, 2014. 08:32 AM | Likes Like |Link to Comment
  • Do Rising Rates Spell Doom For REITs? [View article]
    WSD
    I have the data somewhere, just not able to find it, and since REITS must pay out almost all earnings your statement does support it directly
    Larry
    Jul 13, 2014. 08:31 AM | Likes Like |Link to Comment
  • Do Rising Rates Spell Doom For REITs? [View article]
    PAAPAA
    you are making mistake, confusing total return with REAL EARNINGS growth. You got that type answer because of expansion of PE, or P/CF
    Larry
    Jul 13, 2014. 08:30 AM | Likes Like |Link to Comment
  • Do Rising Rates Spell Doom For REITs? [View article]
    Bruce, makes no difference can follow me
    here
    http://cbsn.ws/1frzCsC and
    http://bit.ly/1gO5Zyt

    or just set up google alert for Larry Swedroe
    Jul 12, 2014. 04:34 PM | Likes Like |Link to Comment
  • Do Rising Rates Spell Doom For REITs? [View article]
    Papaa
    That's NAREIT data and very long, sorry could not dig up the actual dates,
    But it's nominal earnings minus inflation over the period
    Larry
    Jul 12, 2014. 04:32 PM | Likes Like |Link to Comment
  • The Long And Short Of The Low-Volatility Anomaly [View article]
    probably not long given the industry likes to create such products.

    FWIW-- people I've talked to think this might be just a very short term phenomenon, like maybe 15 days. So might be best just to avoid buying stocks with securities lending rates that are very high----they do poorly but too expensive to short them. DFA uses that screen in their long only portfolios
    Jul 12, 2014. 04:27 PM | Likes Like |Link to Comment
  • Do Rising Rates Spell Doom For REITs? [View article]
    Dividend sleuth
    It's certainly possible that US will be the next Japan in terms of rates staying low---but my crystal ball is just as cloudy as it always is---and there are no clear ones.
    IMO you should ignore all such forecasts and instead focus on what you can control, which isn't returns, but the risks you take (what factors you have exposure to), how well you diversify the stocks within those factors (as much as possible), keeping costs low and tax efficiency high.
    Best wishes
    Larry
    Jul 12, 2014. 12:51 PM | 2 Likes Like |Link to Comment
  • Do Rising Rates Spell Doom For REITs? [View article]
    Stanford
    You don't have to miss my articles, just follow them here
    http://cbsn.ws/1frzCsC
    and here
    http://bit.ly/1gO5Zyt
    Or set up google alert for Larry Swedroe

    As to the policy change as I said to another who asked it's a personal issue, not appropriate for discussion

    Best wishes
    Larry
    Jul 11, 2014. 08:46 AM | Likes Like |Link to Comment
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