Persistence That Just Ain’t So?

It’s always wise to question bold presentations, especially when they suggest the future will be like the past.
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Why We Don’t Make Forecasts

How many times did the Wall Street consensus predict a market drop? "A spectacular zero."
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The Normal

Normal is the market going up and down in a manner that can be unnerving over short-term periods.
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You Can Keep It Simple

Simple portfolios continue to consistently outperform top endowments.
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Where Are Fees and Expenses Not Costs?

Generally accepted or not - Fees and expenses are costs
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Private Presentations: Are Some Tall Tales?

Private equity internal rate of return (IRR) and volatility calculations can sometimes be misleading.
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