Smidiríní

It's been awhile since we've done one of these posts!

I've grown a bit more positive on foreign markets.  If you want to see a different and more negative perspective on this go read via Business Insider.com Byron Wien's most recent commentary regarded his last trip to Asia. 

Why the Long Bias?{Josh Brown-the Reformed Broker.com} "Optimism as a Default Setting is the only way to successfully fund a retirement over the long stretch. Unless you believe that you have the god-like ability to dance into and out of the markets with good timing on a consistent basis. I know you can't and I don't even know you.

Fun fact - pick any day of any month of any year over the last 50 years - if you bought the stock market on that date, you had a 75% of being up one year later. That's the math of being in the game and being long-biased at all times."

Why Hedge Fund Glory Days May Be Gone For Good.  {Bloombergbusinessweek.com}  "According to a report by Goldman Sachs released in May, hedge fund performance lagged the Standard & Poor’s 500-stock index by approximately 10 percentage points this year, although most fund managers still charged enormous fees in exchange for access to their brilliance. As of the end of June, hedge funds had gained just 1.4 percent for 2013 and have fallen behind the MSCI All Country World Index for five of the past seven years, according to data compiled by Bloomberg."

Three Great Interviews {A Dash of Insight.com}