◀ The Principal Blog

Views from the CIO: Does the Recent Value Rally Have Legs?



Value investing has been out of favor relative to the growth-style orientation over the last three years; the MSCI World Value Index is up 10.9% versus the MSCI World Growth Index up 22.9% in net U.S. dollar terms as of February 29, 2016. As a result, we have seen valuation spreads widen…

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The Rational vs. Irrational Investor



On occasion, we all make questionable decisions and reach incorrect assumptions. Often, this is due to cognitive biases—built-in tendencies that we all share. Many social psychologists believe cognitive biases help us process information more efficiently. But in some situations, these biases can…

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