This week in Outside the Box John Hussman of The Hussman Funds strives to shed light upon the tumultuous and perplexing state that is the stock market. Having metaphorically, as in the Greek tale, driven by curiosity, opened Pandora's Jar (Box) of financial fantasy and unleashed the evil that has come to pass in the guise of subprime, all that remained was hope. Hussman intertwines hope with caution as we venture into the new year.
After a great holiday weekend, I hope that everybody is enjoying the recurring challenge of finding new ways to creatively eat turkey leftovers. For today's "Outside the Box," we turn our attention towards an interesting piece by Bill Gross on the changing investment landscape over the next decade. In his article "Alpha/Beta Anemia," Bill discusses his outlook for several asset classes and explains their implications on risk premiums in the marketplace.
Bill is a Managing Director at PIMCO where he has become regarded as the most prominent figure in the fixed income sector. He serves at the helm of the largest bond fund in the world, the PIMCO Total Return Fund. In the 90's he penned 2 books on investing: Everything You've Heard About Investing Is Wrong! and Bill Gross on Investing.
May you have a pleasant week and find this reading to be valuable to your financial education.