Money and Finance
- Broyhill Annual Letter
Link to: Broyhill Annual Letter: I'm a Little CrackpotLast year was a lot of fun for stock investors and our equity portfolios enjoyed the ride, performing exceptionally well on an absolute basis and even better on a risk-adjusted basis. The Broyhill...
- Stewart Cowley, The Bond-fund Manager Who Can't Stand Bonds
Thanks to Matt for passing this along. Stewart Cowley manages $1.5 billion in the Old Mutual (ODMTY) Global Strategic Bond Fund. One place he generally avoids investing that money: bonds. Mr. Cowley doesn't hold conventional U.S. Treasury bonds. He...
- Berkshire Avoids Rout As Buffett Sidesteps Bonds
Warren Buffett’s preference for buying stocks and whole companies rather than bonds is helping Berkshire Hathaway Inc. (BRK/A) weather a spike in interest rates better than other insurers. Book value rose 2 percent to about $122,900 per Class A share...
- Which Way For Bonds? Mapping A Path Forward - By Bill Gross
Q: Can you explain what is happening in markets now? Gross: In 1980, the Federal Reserve, led by Paul Volcker, tightened the quantitative noose to tame double-digit inflation, fueling an unprecedented tailwind for bond prices. Thirty years later...
- Richard Duncan: Wealth Preservation Through Diversification
The excerpt below is from the final chapter of The New Depression by Richard Duncan on inflation and deflation. Wealth Preservation through Diversification The hard truth is that it is not easy to preserve wealth. If it were, the families who were wealthy...
Money and Finance
What’s Happening to Bonds and Why? – By Mohamed A. El-Erian
Found via The View from the Blue Ridge.
To say that bonds are under pressure would be an understatement. Over the last few months, sentiment about fixed income has flipped dramatically: from a favored investment destination that is deemed to benefit from exceptional support from central banks, to an asset class experiencing large outflows, negative returns and reduced standing as an anchor of a well-diversified asset allocation. Understanding well what created this change is critical to how investors may think about the future, including the role of fixed income as part of prudent investment portfolios that help generate returns and mitigate risk.
- Broyhill Annual Letter
Link to: Broyhill Annual Letter: I'm a Little CrackpotLast year was a lot of fun for stock investors and our equity portfolios enjoyed the ride, performing exceptionally well on an absolute basis and even better on a risk-adjusted basis. The Broyhill...
- Stewart Cowley, The Bond-fund Manager Who Can't Stand Bonds
Thanks to Matt for passing this along. Stewart Cowley manages $1.5 billion in the Old Mutual (ODMTY) Global Strategic Bond Fund. One place he generally avoids investing that money: bonds. Mr. Cowley doesn't hold conventional U.S. Treasury bonds. He...
- Berkshire Avoids Rout As Buffett Sidesteps Bonds
Warren Buffett’s preference for buying stocks and whole companies rather than bonds is helping Berkshire Hathaway Inc. (BRK/A) weather a spike in interest rates better than other insurers. Book value rose 2 percent to about $122,900 per Class A share...
- Which Way For Bonds? Mapping A Path Forward - By Bill Gross
Q: Can you explain what is happening in markets now? Gross: In 1980, the Federal Reserve, led by Paul Volcker, tightened the quantitative noose to tame double-digit inflation, fueling an unprecedented tailwind for bond prices. Thirty years later...
- Richard Duncan: Wealth Preservation Through Diversification
The excerpt below is from the final chapter of The New Depression by Richard Duncan on inflation and deflation. Wealth Preservation through Diversification The hard truth is that it is not easy to preserve wealth. If it were, the families who were wealthy...