12.8.14
2015 Year Ahead: Continuing to deflate the global credit bubble
Curious about where RBA believes the market will be heading for the year ahead? As always, opportunities exist during times of great uncertainty, and 2015 will be no different. We see the deflation of the credit bubble as the key market driver for 2015, with credit-related asset classes vastly underperforming while stocks have the potential to truly deliver.
12.8.14
Richard Bernstein at Redwood Global Markets Outlook
Richard Bernstein discusses RBA's unique approach to investing at the 2014 Redwood Asset Management Global Markets Outlook in Toronto, Canada.
11.13.14
Tired of being scared yet?
We have gathered a subjective list of fifty concerns in this cycle’s “wall of worry”. One has to wonder when investors will grow tired of being so scared.
11.11.14
Rich Bernstein Financial Times interview: “How long can it last?”
John Authers of the Financial Times quizzes Rich Bernstein on whether the long bull run for the S&P 500 can continue much longer.
10.16.14
Special Report - Volatility Update
Broad financial market volatility has resurfaced and investors, as is typical, are running away.
10.14.14
Is 'smart beta' smart enough?
Investors have become fascinated with so-called “smart beta” strategies. These strategies can be interesting, but they are hardly a panacea that will solve all investors’ problems.
9.15.14
Stocks vs. bonds high yield munis
We have argued for several years that the US stock market could be in the biggest bull market of our careers. We don’t think there are many fixed-income asset classes that are attractive relative to stocks. However, high yield munis are very equity-sensitive and offer attractive yields relative to the stock market.
8.11.14
Toward the sounds of chaos
Stock market volatility is always a scary thing. Investors nearing retirement fear their nest eggs will evaporate. Younger investors saving for a home or a child’s college education fear their families’ futures might be in doubt. However, history suggests that allowing volatility to overrule a good investment plan tends to lead to poor performance. It’s not volatility itself that generally leads to poor longer-term performance, but rather it appears to be investors’ emotional reactions to volatility that ultimately lead to poor performance.
