Value Judgments: Viewing the Premium’s Performance Through History’s Lens
How do recent returns for value and growth stocks compare with their long‑term averages? There’s a misconception in the markets: value stocks have lost their vigor. Value stocks have underperformed growth stocks over the past decade. In the US, the annualized compound...
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A Tale of Two Decades: Lessons for Long‑Term Investors
Looking at the US stock market since the turn of the century, you could be forgiven for thinking of Charles Dickens’famous words. The first decade of the 21st century, and the second one that’s drawing to a close, have reinforced for investors some timeless market...
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The Uncommon Average
Over the last two and one half years, we’ve experienced a fair amount of volatility. In 2017, equity returns were around twenty percent. During the first quarter of 2018, U. S. equity markets gained an additional five percent or so. Then they lost all that and an...
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Recent Market Volatility
While it may be difficult to remain calm during a substantial market decline, it is important to remember that volatility is a normal part of investing. In recent days the increase in volatility in the stock market has resulted in renewed anxiety for many investors....
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Key Questions for the Long-Term Investor
Focusing on what you can control can lead to a better investment experience. Whether you’ve been investing for decades or are just getting started, at some point on your investment journey you’ll likely ask yourself some of the questions below. Trying to answer these...
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Timing Isn’t Everything
Attempting to buy individual stocks or make tactical asset allocation changes at exactly the “right” time presents investors with substantial challenges. Over the course of a summer, it’s not unusual for the stock market to be a topic of conversation at barbeques or...
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The Randomness of Global Equity Returns
A well-diversified global portfolio can help capture the returns of markets around the world and deliver more reliable outcomes over time. Investment opportunities exist all around the globe. Across more than 40 countries, there are over 15,000 publicly traded...
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