Jeff DeMaso
543 posts
Small Stocks Were Supposed to Win
Academic research says smaller companies should outperform over time. Thirty-five years of Vanguard fund returns tell a more complicated story.
Uneasy Equilibrium
The economy holds its ground | Warsh inherits a tough hand | Vanguard's website is (finally) coming | A DAF reminder
The Factor Trap
Vanguard's factor ETFs promised market-beating returns. Eight years in, the results tell a different story.
Sit Still and Prosper
May 2026 | The best move in a month of big headlines was no move at all. Plus, IVA Portfolio notes, the IVA Factor Tracker and a roundup of articles and analysis from the past month.
Vanguard Morningstar?
Tech's best month in decades | Vanguard goes Morningstar | Alexa, meet proxy voting
Stocks Are Expensive. Now What?
MAILBAG | The CAPE ratio of stock valuations is flashing warning signs—but history shows it’s more useful for setting expectations than timing the market.