What about beta?
By Bill Kelly, CAIA Association CEO What’s going on here? Wasn’t it just a few short weeks ago that the SEC came out with a self-reporting initiative aimed at advisors who essentially fail to disclose lower fee share classes to their client? This amnesty program was put into place toRead More
By Bill Kelly, CEO, CAIA Association Friday was March 9 and not a lot of discussion was had about the infamy of this date going all the way back to 2009. For the few in the market who have maintained some level of perspective, analysis and a concept of whatRead More
By Bill Kelly, CEO, CAIA Association Welcome to Washington Chairman Powell… All eyes were on his inaugural address to the House Financial Services Committee this week, followed by semiannual remarks to the Senate Banking Committee, and by most accounts he passed with flying colors. Much of the discussion could beRead More
By Bill Kelly, CEO, CAIA Association Warren Buffett cashed out his bet and the final numbers are in courtesy of the Oracle’s annual shareholder letter. Unfortunately, the most important investment lessons have been completely lost, as the media and the investment sage have mostly used this as an opportunity toRead More
By Bill Kelly, CAIA Association CEO Shadow or not, the groundhog brought volatility out of its burrow on February 2nd, and it is safe to say that it will persist for a lot longer than the six weeks of additional winter in the Northeast part of the USA. Along withRead More
By Bill Kelly, CAIA Association CEO As the 2018 calendar turned to February, the long-anticipated volatility came back with a vengeance, but why were so many, so surprised. As long-term investors, I point out what might be the obvious. The first fissures of this new normal arrived on Friday Feb 2Read More