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Wealth preservation: an illusion?
By Rolf on 26 February 2012
This is the second in a short series of posts on the recent update of the Dimson-Marsh-Staunton long-term return study sponsored by Credit Suisse. Barron’s publishes annual lists of the richest families in the US and around the world. One striking aspect of those lists is the absence in the top 100 of the great […]
Posted in Wealth preservation | Tagged Asset allocation, Dimson-Marsh-Staunton, Family wealth, Inflation
The long-term risk of bonds
By Rolf on 16 February 2012
This is the first in a short series of posts on the recent update of the Dimson-Marsh-Staunton long-term return study sponsored by Credit Suisse. The Dimson-Marsh-Staunton study, first published twelve years ago under the title Triumph of the Optimists, covers a number of important investment issues based on an abundance of statistical information on equities, […]
Posted in Building blocks | Tagged Asset allocation, Bonds, Dimson-Marsh-Staunton
Is active management easier in less efficient markets?
By Rolf on 5 February 2012
At a recent client meeting, a consultant stated that they favored active strategies in emerging markets even though, in developed markets, they usually recommended a passive approach. They argued that emerging markets were much less efficient than, say, the US market and that it would therefore be “easier” to add value through active management and […]
Posted in Active/passive management | Tagged Emerging markets, Market efficiency