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When returns are low, reaching for more is usually unwise: James Saft
If an investment strategy is good enough for one of the top minds in finance, it is probably good enough for you, right? More »
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Saving hurts, and so do the errors of self-invested plans: James Saft
A little thought experiment for retirement savers: More »
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Shutdown and default threaten U.S. safe-haven status: James Saft
If the United States does more than flirt with a government shutdown and technical default, old assumptions about the safe-haven status of Treasury debt and the dollar will face unprecedented threats. More »
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Institutions beat individuals on the active investment fool’s errand: James Saft
Institutions do better than individuals at active fund management, but given that both come out losers the underlying message is that picking stocks and bonds is a game neither group should play. More »
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Looser bank regulation will do shareholders no favors: James Saft
The Trump administration’s vision of a rollback in banking regulation isn’t just dubious medicine for the economy, it will do shareholders no favors. More »
Rolling dice in a speculative mania: James Saft
Financial markets are in the grip of something very like a speculative mania, which may well be good reason not to expect a crash soon. More »
Superstar firm vogue heads for fire of overvaluation or ice of regulation: James Saft
It may not happen soon but eventually the vogue for investing in “superstar firms” like Google, Facebook and Amazon will end in the fire of overvaluation or the ice of regulation. More »
UK recession, unusually, to punish gilts and pension funds: James Saft
(The opinions expressed here are those of the author, a columnist for Reuters) More »
As psychopath CEOs destroy value, nice ones create it: James Saft
Some enterprising manager ought to look into a Long Nice CEOs/Short Jerks hedge fund. More »
Nice portfolio, shame about the human running it: James Saft
The problem with Modern Portfolio Theory, the basis for most diversified investment approaches, is that the often irrational human investor in charge is a major point of failure. More »
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Fund managers exhibit skill, hurt by extra work: James Saft
Fund managers may show genuine and long-lasting skill, but do more poorly as the good ones are piled with responsibilities. More »
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If Trump erodes democracy, stocks will suffer: James Saft
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2017. REUTERS/Brendan McDermid Donald Trump’s firing of FBI Director James Comey caused barely a ripple on the glassy surface of equity markets, but more than 100 years ... More »
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If Le Pen pulls off upset, French bank funding, and euro project, at risk: James Saft
Marine Le Pen, French National Front (FN) political party leader and candidate for the French 2017 presidential election, attends a campaign rally in Marseille, France, April 19, 2017. REUTERS/Robert Pratta An unlikely Marine Le Pen victory in French president... More »
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Bubble-spotting, like genius parenting, is rare
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 17, 2017. REUTERS/Brendan McDermid “Is this market a bubble?” and “Is my kid a genius?” are two questions which are asked far more often, and with less profit, than they... More »
Global diversification still works, but only for the patient: James Saft
The market is still offering globally diversified equity investors a free lunch, but only if they are in it for the long haul. More »
Consumer debt growth can`t outpace wages forever: James Saft
U.S. consumers are taking out debt at a far faster rate than their incomes or the economy are growing, and just as we may be hitting a peak in employment. More »
As hedge funds and sell-siders tango, regular investors foot the bill: James Saft
In the financial market race for information, hedge funds, it seems, are the winners. More »
Of pretentious hedge fund names and bad results: James Saft
You probably already knew that hedge fund names are intended to impress, or even better to confuse just enough to make you stop asking questions, but most of all to inspire confidence. More »
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Bull market in politics could mean bear market in risk assets: James Saft
FILE PHOTO – U.S. President-elect Donald Trump speaks as PayPal co-founder and Facebook board member Peter Thiel and Apple Inc CEO Tim Cook look on during a meeting with technology leaders at Trump Tower in New York U.S. on December 14, 2016. REUTERS/Shannon S... More »
Little pay-for-performance among mutual fund managers: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own) More »
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Companies with long-term view do prevail: James Saft
The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid In a world in which most investment managers are paid to be short- or medium-term in their ... More »
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Of rising rates and falling returns: James Saft
FILE PHOTO – Traders works on the floor of the New York Stock Exchange (NYSE) as a television screen displays coverage of U.S. Federal Reserve Chairman Janet Yellen, in New York, U.S., December 14, 2016. REUTERS/Lucas Jackson Try to hide wherever you like but ... More »
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As banks surge, will shareholders get their cut?: James Saft
A computer screen showing stock graphs is reflected on glasses in this illustration photo taken in Bordeaux, France, March 30, 2016. REUTERS/Regis Duvignau That the Trump agenda is good for banks is self-evident- that shareholders will get their cut is a lot l... More »
Fund staff may be there to impress, not outperform: James Saft
The scads of analysts and fund managers at some money management firms may just be there as window dressing. More »
There is no Dodd-Frank loan drought: James Saft
Evidence that Dodd-Frank Act regulation is making lending conditions tighter is thin on the ground, at least for the vast majority of the U.S. economy. More »
Trump`s tax holiday to make American financial engineering great again: James Saft
U.S. President-elect Donald Trump speaks at his election night rally in Manhattan, New York, U.S., November 9, 2016. REUTERS/Carlo Allegri Donald Trump’s tax repatriation plan will create jobs, but far more – and more likely – ones for financial engineers rath... More »
Trading is not a dirty word: James Saft
A mutual fund which keeps portfolio turnover low may be simply a mutual fund which keeps missing opportunities. More »
Saudi bond: take the money and run or see the terms and flee? – James Saft
Clouds move over the Riyadh skyline November 17, 2013. REUTERS/Faisal Al Nasser (The opinions expressed here are those of the author, a columnist for Reuters) More »
Global investment flows neutering national monetary policy: James Saft
A customer counts his U.S. dollar notes in a bank in Cairo, Egypt March 10, 2016. REUTERS/Amr Abdallah Dalsh Monetary policy in developed markets like Japan and Europe is failing, and faltering in the U.S., in substantial part because globalization has altered... More »
The ugly unloved attractions of natural resource shares: James Saft
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo If investing in commodities invol... More »
The election, protectionism and the return of inflation: James Saft
The 2016 U.S. presidential election may succeed where the world’s central banks have failed, but not as they would wish: in bringing back inflation through protectionism. One of the most striking aspects of the election campaign is the way in which Donald Trum... More »
Wynn Resorts, WalMart: One coin in the world economy
Big fish Chinese gamblers afraid of a corruption crackdown and poorly paid Walmart workers in the United States might seem to have little in common. But in the global economy, they are in some ways two sides of the same coin, and to understand that is to under... More »
Bad data but at least we’ve got the Fed: James Saft
The U.S. jobs data were a bust, China remains a threat, the Fed won’t hike until, well, don’t ask, and bad news is good news for the stock market once again. Stocks plunged and then rallied back to gains on Friday after payrolls data showed not just declining ... More »
If world slides into recession, policy response to fall short: James Saft
We may well not get a global recession in the coming year or two but if we do, bank on one thing: an inadequate policy response. Citibank Chief Economist Willem Buiter attracted attention this week with a call for a 55 percent chance of a global recession some... More »
Fed ‘put’ no cause for relief: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own) By James Saft (Reuters) – Future risk-adjusted returns look poor from here, but if the Federal Reserve deploys its safety net they will be worse still. Monday’s savage markets selloff inev... More »
Global axis shifts as China reserves dwindle: James Saft
China’s massive foreign currency reserves are dwindling at a more than half-trillion-dollar annual pace, a trend which may tighten global credit conditions. China’s central bank said its reserves fell by $43 billion in July to $3.65 trillion, in the first ever... More »
Allocating for all your assets, including human capital: James Saft
(This column has been corrected to fix spelling of co-author’s name to Straehl in seventh paragraph) By James Saft More »
