The Best Investment Writing Volume 5: Amie Ko, Research Affiliates - A Quick Survey of "Broken" Asset Classes
The Meb Faber Show - Better Investing
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Investing in Emerging Market Stocks - What Is Broken?
In our study, we use a return history for e m stocks that begins in 19 85. The warning date we use represents the month in which a published article or live conversation strongly questioned the long term viability of the class. All seven of the broken asse classes in our survey posted poor performance over the three years prior to the warnings that they were impaired. A notable example is emerging market stocks. Their uninspired five % annualized three year return had slumped into the bottom quartile of returns.
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