Posts Tagged: alpha

‘Irrational exuberance’ was used to describe equity markets in Dec 1996, a full three and a half years before peaking and bursting. The past nine years have seen a staggering compounded annual growth of 17% – exuberance, indeed. We now have overvalued equities, low-yields, low inflation and remarkably low volatility. Where can an investor find protection in such an environment? Read more…