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Frugal Headlines powered by

 08/07   Charley Ellis interviewIndexing 
 07/02   Longest fraud sentence in CanadaCrime 
 07/02   ETFs with Eric BalchunasIndexing 
 06/25   Cliff Asness interviewMomentum Investing 
 05/28   The reporter who took down a unicornCrime 
 05/07   Looking past the packageIndexing 

Frugal News

Charley Ellis interview
08/07/18   8:45 PM ESTIndexing
"Charley was an early guest on the show and we reconvened to talk through the full case of indexing for individuals and some of its constraints for institutions. Our conversation covers the case for indexing, smart beta, the retirement problem, investing in alternatives, private equity, and indexing challenges in emerging markets." [audio]
More Indexing: ETFs with Eric Balchunas
Looking past the package

Longest fraud sentence in Canada
07/02/18   8:11 PM ESTCrime
"The former Waterloo Region financial adviser fleeced 41 people - many with little investing experience - out of $10 million."
More Crime: The reporter who took down a unicorn
Enron, 10 years after

ETFs with Eric Balchunas
07/02/18   8:07 PM ESTIndexing
"My guest this week is Eric Balchunas, the senior ETF analyst for Bloomberg and the author of the Institutional ETF toolbox. This episode is intended for those in the asset or wealth management industry who have considered using ETFs in their portfolios, or for the individual investor who likes to stay up to date on trends in the market for asset management products. We cover all aspects of ETFs in some detail" [audio]
More Indexing: Looking past the package
Vanguard's one-fund solution

Cliff Asness interview
06/25/18   9:43 PM ESTMomentum Investing
"AQR Capital's Cliff Asness, a rare combination of Great Investor and Financial Thought Leader shares his views and strategies."
More Momentum Investing: Sector vs country momentum
52 week high and the Q-factor

The reporter who took down a unicorn
05/28/18   9:36 PM ESTCrime
"How John Carreyrou battled corporate surveillance and intimidation to expose a multibillion-dollar Silicon Valley start-up as a fraud."
More Crime: Enron, 10 years after
Frank Abagnale interview

Looking past the package
05/07/18   11:39 PM ESTIndexing
"ETFs have adopted all of the mutual fund industry's bad habits."
More Indexing: Vanguard's one-fund solution
Direct indexes: cheaper than ETFs

Secretary donates $8.2 Million
05/07/18   10:58 PM ESTCharity
"Even by the dizzying standards of New York City philanthropy, a recent $6.24 million donation to the Henry Street Settlement on the Lower East Side was a whopper - the largest single gift from an individual to the social service group in its 125-year history. It was not donated by some billionaire benefactor, but by a frugal legal secretary from Brooklyn who toiled for the same law firm for 67 years until she retired at age 96 and died not long afterward in 2016."
More Charity: The best ways to give to charity

Chasing returns
04/22/18   9:43 PM ESTFunds
"The authors illustrated how the probability that a talented manager's performance will exceed the best in a pool of untalented managers can be surprisingly small, even over long periods. It helps explain why performance-chasing has produced such poor results for individual and institutional investors alike."
More Funds: The dead man fund
Institutional investors, just like us

Rent control needs retirement
02/12/18   8:09 PM ESTGovernment
"If politicians actually want to make sure everyone who needs a place to rest their head has one, there's only one way to do it: Build more housing. Which means, in turn, loosening the legal restrictions and community veto points that make it so hard to add supply. Because there's no way to escape the fundamental math: Unless you build enough housing to shelter the people who want to live in your city, a whole lot of people will be left out in the cold."
More Government: Ontario making it easier to underfund pensions
Policy-based evidence making

Vanguard's one-fund solution
02/05/18   8:53 PM ESTIndexing
"It was one of the great mysteries in the Canadian fund market: why had no one created an ETF version of the balanced index mutual fund?"
More Indexing: Direct indexes: cheaper than ETFs
Low vol in perspective

Ontario making it easier to underfund pensions
01/29/18   6:35 PM ESTGovernment
"Pension defaults are rare, but the CCPA study found that of the 39 largest publicly traded companies that have defined-benefit pensions, only nine had plans that were fully funded last year. Rather than loosening restrictions, Ontario should amend the Ontario Pension Benefit Act to require businesses to fund 100% of their pensions. Those that can't shouldn't offer pensions in the first place."
More Government: Policy-based evidence making
Risky mortgage investments

Policy-based evidence making
01/29/18   6:31 PM ESTGovernment
"Social scientists, meanwhile, are discovering that they cannot replicate many of their own findings. The incentives of the profession weigh heavily toward designing experiments that will produce a positive result, analyzing and reanalyzing data until one appears, and then interpreting it as broadly as possible. That kind of research produces headlines, but not knowledge - a fact that social scientists are beginning to acknowledge. With their enthusiasm for EBP, policymakers are running headlong into a collapsing structure, pushing past inhabitants fleeing in the other direction."
More Government: Risky mortgage investments
Mind the gap

Appalling problem for small businesses
01/22/18   8:37 PM ESTTaxes
"The income the 'passive-income' proposal would hit may be far from passive and the rate on taxable capital gains will often exceed 100 per cent"
More Taxes: Passive income changes create big concerns
CRA gives taxpayers wrong info

Staggering share of Canadians fear bankruptcy
01/15/18   4:47 PM ESTDebt
"One-third of Canadians say they're now unable to cover their monthly bills while keeping up with their debt repayments, up eight points on the index since September."
More Debt: World leaders in debt
Debt hangover

The rate of return on everything
01/01/18   2:54 PM ESTReal Estate
"This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the long-run? Which particular assets have the highest long-run returns? We answer these questions on the basis of a new and comprehensive dataset covering total returns for all important assets classes - equity, housing, bonds, and bills - across 16 advanced economies from 1870 to 2015"
More Real Estate: Shadow lending growing in Canada
Insane Canadian housing numbers

Wes Gray on QVAL
12/18/17   5:26 PM ESTValue Investing
"Wes Gray, CEO of Alpha Architect, says he searches the 'trash bin' for companies in order to find 'deep value' in the QVAL ETF. He joins Bloomberg's Scarlet Fu and Eric Balchunas." [video]
More Value Investing: Bill Nygren Talks at Google
Countering the narrative about value

Shadow lending growing in Canada
12/18/17   5:17 PM ESTReal Estate
"They opted for a third route: adding a second mortgage with an interest rate of 10.5 percent to pay off their debt. Their salvation came from a private unregulated lender, a move many other Canadians are making as the government tries to rein in a home-price surge that's driven household debt to a record. But like a giant game of Whac-A-Mole, the risk to the financial system from tapped out borrowers is merely shifting -- this time to a market where there's no oversight from the country's national bank regulator and new stress-test rules don't apply."
More Real Estate: Insane Canadian housing numbers
Addiction to real estate

Bill Nygren Talks at Google
12/18/17   5:13 PM ESTValue Investing
Oakmark fund manager Bill Nygren talks about value investing at Google. [video]
More Value Investing: Countering the narrative about value
Factor investing and trading costs

Passive income changes create big concerns
12/11/17   7:10 PM ESTTaxes
"The proposed measures around passive income will apply only to Canadian-controlled private corporations. What about public companies? Or foreign-controlled private companies? It hardly seems fair to put Canada's private business owners at a disadvantage here. If revisions are made to affect public and foreign private corporations, how will the changes impact foreign investment in Canada? The issue gets a lot more complicated - and political - than even the Liberals were expecting."
More Taxes: CRA gives taxpayers wrong info
Tax-avoiding whales swim free

Risky mortgage investments
12/04/17   7:50 PM ESTGovernment
"The documents seen by Reuters, supported by interviews with 10 sources familiar with FSCO's activities, show that the agency didn't merely miss the problem; its senior investigators ignored or downplayed clear warnings from within their own ranks that retail investors were being sucked into a market to which they were ill-suited."
More Government: Mind the gap
Right math, wrong conclusion

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