It’s difficult to exaggerate the significance of estimating expected returns in the quest for long-term investment success. An obvious statement, perhaps, but the widespread evidence that many (most?) investors earn unecessarily low or even negative returns over time suggests that the focus on expected returns falls well short of practical necessity.
Daily Archives: April 11, 2011
What’s Up With Oil Prices?
Oil prices in New York remain north of $110 this morning–the highest in three years. What’s behind the spike in prices? There’s no shortage of opinion, and it’s not necessarily in agreement. For some perspective, several oil analysts opine on what’s happening via a fresh round of interviews, courtesy of Integrity Research Associates.