Active Management and the Predictability of Markets Redux: Robert Shiller
This is the second in a series of four posts dedicated to active management, focussing on some of the key figures involved in the study...
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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
Jul 31, 20195 min read
Active Management and the Predictability of Markets Redux: Eugene Fama
According to Moody’s, total assets in passive funds in the US will overtake those in actively managed funds in 2021. In light of this...
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Peter Elston
Mar 31, 20184 min read
A Timely Reminder
As the current global business cycle matures, I thought it might be an opportune moment to revisit one of the basic but counterintuitive...
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Peter Elston
Dec 1, 20164 min read
Why Value Investors Don’t Have to Restrict Themselves to Cheap Stocks
I’m thinking about launching a smart beta ETF called the “Smart Alpha Smart Beta ETF”. It would invest only in shares that go up. At the...
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Peter Elston
Dec 1, 20164 min read
Value Investing is Not the Same Thing as Value Indices
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. I’m thinking...
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Peter Elston
Feb 1, 20153 min read
Active Share Tells Fund Managers how to Catch the Biggest Fish
It is unsurprising that “active share has not been a reliable indicator of fund managers’ success” (“Active share revealed to have feet...
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Peter Elston
Feb 1, 20145 min read
Active Management and the Predictability of Markets – Robert Shiller
In this second post on 'market predictability' I look at some of Prof Robert Shiller's work. Shiller was a co-winner of this year's...
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Peter Elston
Jan 1, 20108 min read
8 Myths of Global Investing
At Aberdeen we believe there is enormous scope to enhance returns through global investment. To some, this has meant allocating funds...
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Peter Elston
Nov 1, 20065 min read
Theories Can’t Count Cost of Risk
Risk. It's a word thrown around so frequently in the investment world there's risk-adjusted, systematic risk, specific risk, and we all...
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Where's My Cycle?
An update on where I think we are in the business cycle with respect to growth, inflation and markets
Correlation or causation?
Data is too often presented in an unfair, unclear and misleading way
Dear John
Liontrust's John Husselbee's arguments in support of balanced funds are lame
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