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…

Economists and Chief Market Strategists

95% of advisors today read, cite or are influenced by the predictions of one or many economists. Economists are good at making observations and pulling information out of statistics. It’s answering the question of “What does it all mean for the future?” where they get themselves and their clients into trouble.  Often these are Read the full article…