10 May 2024 Portfolios that include both productive and scarce assets can deliver similar performance to the S&P 500 with less risk than those that hold only productive assets. Max Golts, PhD, and Gregory Jones, PhD, explain the nature of productive and scarce assets and how to quantify productivity and scarcity.

7 May 2024 Are investment returns random across time as Burton Malkiel suggests in his book, A Random Walk Down Wall Street? There is notable disagreement on this topic. Research from David Blanchett, PhD, CFA, CFP, and Jeremy Stempien suggests that practitioners may need to rethink their portfolio optimization routines.

6 May 2024 There is strong evidence that most “rich families” will be poorer after several generations. Some of the reasons for this are systemic like taxes. But most factors that diminish a family’s wealth over generations are the choices that heirs make, cautions Raphael Palone, CFA, CAIA, CFP.