Description: A discussion on the validity of real returns.

Description: Full version of Risks and Rewards Newsletter, February 2007, Issue No. 49.

Description: This articles explores the notion of whether the old rules and paradigms of investment strategy and caution may no longer be applicable in today’s financial environment, because things were “different this time.”

Description: The author notes that equity investment management is often classified into a number of different styles, the simplest being growth and value. In discussing both approaches the author also brings in the concept of momentum and concludes that momentum should be an additional parameter reviewed in the investment decision.

Description: This article discusses market declines and the impact that white collar crime or gross dishonesty in financial reporting can have on market declines.

Description: Full version of Risks and Rewards Newsletter, February 2001, Issue No. 36.

Description: This article discusses the possibility of high inflation down the road. The high levels of debt incurred due to the COVID-19 pandemic will be difficult for many countries to support. Central bank activity is "standing in the gap" but this is not necessarily the optimal solution. Inflation can also become an issue due to contagion coming from less financially stable countries, resulting a crisis of confidence, driving up interest rates.

Description: If has been noted that the turnover of many investment funds has been quite high in recent years relative to history and very high in absolute terms. There have been fundamental changes in the marketplace that have caused the high turnover. Investment horizons have been shortened. This article discusses the changes.