Celebrating humanity's flourishing through the spread of capitalism and the rule of law
05 May 2015 Leave a comment
in economics of media and culture, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: creative destruction, Facebook, Twitter
24 Apr 2015 Leave a comment
in financial economics Tags: active investing, passive investing
A fund that hasn't chosen any new stocks since 1935 is beating 98% of its competitors uk.businessinsider.com/voya-corporate… http://t.co/I2KTMrRkti—
BI UK Finance (@BIUK_Finance) March 03, 2015
23 Apr 2015 Leave a comment
in economics of information, entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, entrepreneurial alertness, passive investing
21 Apr 2015 Leave a comment
in economic history, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: Apple, creative destruction, entrepreneurial alertness, Steve Jobs
People really forget how awesomely powerful IBM was in the 1980s: @evankirstel http://t.co/TkpuU5sAXg—
Marc Andreessen (@pmarca) April 04, 2015
19 Apr 2015 Leave a comment
in entrepreneurship, financial economics Tags: agricultural economics, efficient markets hypothesis, entrepreneurial alertness, risk and reward
Why US farmland values keep going up read.bi/19MJ89C http://t.co/zDdo82TwaM—
BI Markets (@themoneygame) March 24, 2015
17 Apr 2015 Leave a comment
in financial economics, politics - New Zealand Tags: active investing, investment diversification, passive investing
One trait that makes the US stock market better than its peers read.bi/1EJ4ZrC http://t.co/6kz7zlghQa—
BI Chart of the Day (@chartoftheday) February 23, 2015
13 Apr 2015 Leave a comment
in entrepreneurship, financial economics, market efficiency, TV shows Tags: active investing, efficient markets hypothesis, entrepreneurial alertness, ethical investing, passive investing, Sopranos, vice funds
The Vice Fund has outperformed the S&P 500 since 2004. They invest in sinful stocks as its managers describe it:
Designed with the goal of delivering better risk-adjusted returns than the S&P 500 Index. It invests primarily in stocks in the tobacco, alcohol, gaming and defence industries. Vice Funds believe these industries tend to thrive regardless of the economy as a whole.
The Vice Fund was founded in 2002 to specialise in socially irresponsible stocks such as gambling, alcohol , tobacco and defence contracting. The Vice Fund is not recession proof, but did do better in the 2009 market crash.
The Vice fund also has high management fees of 2%. Americans can buy Vanguard’s or Fidelity’s index funds and pay only 0.1% in expenses. The Vice Fund may have buckled under the heat because it has rebranded:
The Vice Fund is now called the Barrier Fund. The investment strategy and the portfolio manager have not changed… The Barrier Fund invests in companies, both domestic and foreign, within industries that have significant barriers to entry.
All is not lost, the Ave Maria Catholic Values Fund beat the market almost as handily as Vice.
To confuse further, the Catholic Values Fund revealed that it shared investments in defence contractors with the Vice Fund. The Vice Fund invested in staid Berkshire Hathaway and Microsoft.
HT: Investing in Vice.
05 Apr 2015 Leave a comment
in economics of media and culture, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: efficient markets hypothesis, Facebook, Twitter
25 Mar 2015 Leave a comment
in financial economics Tags: active investing, efficient markets hypothesis, passive investing
HT:
22 Mar 2015 Leave a comment
in financial economics Tags: active investing, efficient markets hypothesis, index linked investing, passive investing
In 2014, just 21 percent of the funds that pick U.S. stocks beat their benchmarks, according to Morningstar. Investors have noticed and voted with their feet, swapping their actively managed funds for low-cost index and exchange-traded funds…
Some $13.1 trillion was invested in U.S. mutual funds at the end of 2014. Of the $8.3 trillion in stock funds, 38 percent was passively managed. Yet that’s double the percentage at the end of 2004.
via Fund Manager Ab Nicholas Has Been Beating S&P 500 for 40 Years – Bloomberg Business.
18 Mar 2015 1 Comment
in financial economics Tags: pension fund socialism
If ‘socialism’ is defined as ‘ownership of the means of production by the workers’ — and this is both the orthodox and the only rigorous definition — then the United States is the first truly ‘Socialist’ country (Peter Drucker, 1976, p. 1).
Figure 1. Evolution of aggregate stock ownership
Figure 2. Stock ownership of US mutual funds and pension funds
HT: via How tax policy drives the structure of stock ownership | VOX, CEPR’s Policy Portal.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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