9/18/2017 Weekly Market Commentary

  “In theory, there is no difference between theory and practice, in practice there is.”1 Yogi Berra was talking about baseball, but the concept also applies to diversification, according to the GMO White Paper, The S&P 500: Just Say No. From the title, you might think the authors – Matt Kadnar and James Montier – don’t like U.S. stocks. They do:2 “Being a U.S. equity investor over the past several years has felt glorious. The […]

Read more