The following is a Q&A with TIAA-CREF Senior Economist Tim Hopper on the subject of investing in farmland. Farmland has attracted significant institutional investor interest recently because of its distinctive investment characteristics and ongoing price appreciation. A key resource in the agricultural production chain, farmland is also – like oil and other commodities –… Read More
An Inefficient Market Hypothesis
by • March 26, 2013
My understanding of the “efficient market hypothesis” is that all information is already “priced in” to the market and that only new information that is different than expectations can move markets. I’m not sure which is funnier, that at one point I was willing to believe that, or that a lot of people a lot smarter… Read More
Emotional Investing and Managed Futures Performance
by • March 26, 2013
As is the case in every asset class under the sun, managed futures investors love to chase performance. The sustainability of a strategy often comes second to double or even triple digit returns. We do our best to discourage such decision making, because in our experience, this is uniquely damaging in managed futures allocations. The… Read More