Roger Nusbaum Positions for 2011: Sector Picking Less Important Than Country / Theme Selection [View article]
TWTFG, I have no idea what Roger's performance was in 2010. In the interview he made no claim about his past performance. However,
(1) If you're looking to follow a guru simply because his performance is amazing, then surely his reasoning shouldn't matter to you and you shouldn't be reading articles at all? You should just give him your money to manage. In contrast, shouldn't an article like this stand on its own merits? You should take what you agree with, and leave what you disagree with, irrespective of his past performance.
(2) I read Roger's articles because his focus is NOT on making predictions, but about risk management in the portfolios he manages. Managing risk is about making the right decisions based on the information available at the time, the probability of different outcomes, and the risks associated with them. Correct decisions can turn out badly; bad decisions can turn out well.
(3) The assumption behind your comment - that nobody has the right to discuss their approach to the market without a great track record - would stifle debate and the exchange of ideas on sites like Seeking Alpha. Sure, someone has more credibility if they have a great track record, but to say they have no right to express an opinion without a great track record? That seems extreme and threatening.
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
Thanks Luciano! This would be an interesting thing for, say Roger Nusbaum or J.D Steinhilber, to look at: the performance of ETFs and ETF portfolios versus the hedge fund indexes. Guys???? :-)
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
Luciano, just a quick thank you for the care with which you're answering these questions. It's amazing to see such an intelligent and open discussion -- far more interesting and thoughtful than most interviews allow for. Thank you again!
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
Thanks Luciano!
On the case for dividend stocks, do you think the case for them is statistical, or also theoretical -- ie. that dividend stocks *should* perform better, not just *have* performed better?
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
Two more quick questions:
1. We know that dividend-paying stocks have a good track record in the US, but how have foreign dividend paying stocks performed relative to foreign non-dividend-paying stocks?
2. Have you compared the performance of WisdomTree's indexes to the hedge fund indexes? You could calculate what actual performance would look like after fees assuming hedge fund fees of 2% of assets and a 20% performance fee, and WisdomTree fees per the ETFs. It would be interesting to see if on average buying WisdomTree ETFs is a better value proposition than investing in hedge funds!
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
I bought these funds about 3 months ago: DLS, DNH, DBN, DKA, DRF, DBU and WSDT and via smith barney, about 300k. I am tring to find out when divs are paid.
Roger Nusbaum Positions for 2011: Sector Picking Less Important Than Country / Theme Selection [View article]
(1) If you're looking to follow a guru simply because his performance is amazing, then surely his reasoning shouldn't matter to you and you shouldn't be reading articles at all? You should just give him your money to manage. In contrast, shouldn't an article like this stand on its own merits? You should take what you agree with, and leave what you disagree with, irrespective of his past performance.
(2) I read Roger's articles because his focus is NOT on making predictions, but about risk management in the portfolios he manages. Managing risk is about making the right decisions based on the information available at the time, the probability of different outcomes, and the risks associated with them. Correct decisions can turn out badly; bad decisions can turn out well.
(3) The assumption behind your comment - that nobody has the right to discuss their approach to the market without a great track record - would stifle debate and the exchange of ideas on sites like Seeking Alpha. Sure, someone has more credibility if they have a great track record, but to say they have no right to express an opinion without a great track record? That seems extreme and threatening.
The Complete List of Commodity ETFs and ETNs [View article]
Energy ETFs [View article]
Energy ETFs [View article]
And in the further reading section, we added a link to Hard Asset Investor's article: New Solar ETFs: Here Come the Suns.
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
On the case for dividend stocks, do you think the case for them is statistical, or also theoretical -- ie. that dividend stocks *should* perform better, not just *have* performed better?
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
1. We know that dividend-paying stocks have a good track record in the US, but how have foreign dividend paying stocks performed relative to foreign non-dividend-paying stocks?
2. Have you compared the performance of WisdomTree's indexes to the hedge fund indexes? You could calculate what actual performance would look like after fees assuming hedge fund fees of 2% of assets and a 20% performance fee, and WisdomTree fees per the ETFs. It would be interesting to see if on average buying WisdomTree ETFs is a better value proposition than investing in hedge funds!
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
thanks
Interview: Luciano Siracusano, Director of Research for ETF Firm WisdomTree Asset Management [View article]
Thanks for doing this! Couple of questions:
(1) What do you think of this argument that the case for dividend-paying stocks seems to be weak?
(2) Where do you see the expense ratios of ETFs in general, and WisdomTree ETFs in particular, going over time?