Every year, families and friends celebrate students who are graduating from colleges and universities. Parents beam with pride at their children’s accomplishments and exhale in relief now that the tuition bills have finally stopped. It’s a time when adults give a lot of advice, which is why I have one simple idea I want to pass along to this year’s graduating class that I hope you never forget. Parents, take note too, because with college out of the way, you
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Insights
Let the Compounding Commence!

Why the Wisdom of the Market Crowd Beats AI

Can artificial intelligence help pick stocks? More specifically, can investors use AI to determine the fair price of a stock or a bond? I bet a lot of people right now would say yes, given recent advances that allow for the processing of ever greater amounts of information. I think my AI is better than all the other ones out there. My AI is the market. For example, pick a stock. Check the price. Why is it that exact price?
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Stocks Beat Cash Even If You Could Time a Recession

By Nir Kaissar The S&P 500 has proved to be remarkably resilient in the six months before downturns. The US economy is widely expected to tip into recession later this year. The Federal Reserve thinks so, as does Wall Street. And financial Twitter is aflutter with recession talk. Some financial observers are going further, advising investors to swap stocks for cash in anticipation of the looming downturn. The problem with that advice is that no one knows if or when
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An Update on the U.S. Government Debt Ceiling

Jared Kizer, Head of Investment Research, shares the latest updates, recap and possible expectations and impact of the U.S. Federal government debt ceiling crisis. Transcript: So, I wanted to jump on today and give an update as we sit here in very early May on the latest related to the U.S. government debt ceiling dynamic. What I’m going to do today is do a recap just kind of where things stood prior to the last week or so. Then get
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Where the U.S. Dollar Stands as a Reserve Currency

The U.S. dollar (USD) has long been the world’s most widely used currency, playing a critical role in global trade and as a store of value for central bank reserves. But we occasionally hear claims that the dollar’s dominance may be in jeopardy. These predictions tend to center around potential shorter-and longer-term trends that could increase demand for international currencies, such as continued growth from China leading to a rise in demand for the renminbi (RMB) or tighter integration of
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