What Is a “Crowded Trade” and How Can It Effect You

Occasionally on one of the financial networks when they are interviewing a money manager or hedge fund operator you will hear the term “crowded trade”.  While a “crowded trade” is difficult to pin down definition-wise, maybe it’s best to convey what a crowded trade is by describing various characteristics that make up a crowded Read the full article…

Weekend Update

At a gathering this weekend I had the good fortune to meet someone who completed an MBA degree in Finance from the University of Chicago a few years ago.  Some of you may remember that the University of Chicago is the birthplace of Modern Portfolio Theory (or M.P.T. for short), and other investing / Read the full article…

Where to from here?

Investor Question I get frequently:  “When is this bear market going to end and when is the next bull market going to start?” My Answer:   “I don’t know and anyone that says they know is lying to you. However, I know it won’t be soon.” I know, just call me a “big Read the full article…