Basis Points: A View From the Hills

The “Bums” Problem With Bond Indexing

Investment Portfolio Construction

March 2016

Investment Portfolio Construction

The “Bums” Problem With Bond Indexing

by admin on March 5, 2016

In 1776, Adam Smith penned his opus on the economy. One of the discussions within the work is considered to be one of the earliest references to the law of supply and demand. The law simply states that price is a function of supply and demand. When demand is greater than the supply, the prices…

Read More »

Climate Change “Investment Style”

by admin on December 15, 2015

Scandinavian scientists began to explore the impacts of global temperature change in the early 1900’s. In the 1950’s geophysicist Roger Reville demonstrated the increase of CO2 levels in the atmosphere and attributed much of the gain to fossil fuel use. This finding spurred significant interest in the subject. Dozens of studies on the subject were…

Read More »

The Availability Heuristic

by admin on December 15, 2015

Russian scientist and professor, Dmitri Mendeleev had a dream. Upon awakening he furiously scribbled element symbols and atomic weights in a tabular fashion on a stray sheet of paper. The periodic table was born. Mendeleev wasn’t alone in his quest to discover and classify new elements, but he was the first to notice a pattern…

Read More »

Better Mousetraps and Smart Beta Investing

by admin on December 15, 2015

“Build a better mousetrap and the world will beat a path to your door.” This was a phrase attributed curiously and posthumously to Ralph Waldo Emerson. Though the exact phrasing never appears in one of his works, this call to innovation is one of the tenets of capitalistic thought. The US Patent and Trademark Office…

Read More »