How to fix the economy by getting away from financial engineering and investing in what matters in people's lives: healthcare, the environment, and infrastructure.
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This blog is written by Jeff Feldman and Andrew Hyman, both of Xshares Advisors. Jeff Feldman was at an investor conference in 2007 at the height of the “portable alpha” craze. To him, with 40 years on Wall Street, it seemed many of the advocates had no idea what they were talking about. Sure enough, at this particular conference, there was a Registered Investment Advisor who explained how he effectively used “portable alphalfa.” He used the phrase several times and while there were a few smirks, nobody corrected him. Since we couldn’t come up with a better phrase to express our chagrin at the events of the past several years, we have decided to borrow this one. In fact, we need to forget about strategic investing and return to fundamental investing. That’s what we will focus on here.
Jeff Feldman is the Founder and Chief Strategist of XShares Advisors LLC, a financial services company based in New York. Mr. Feldman has been involved in investment advisory, retail brokerage, private equity investing, and teaching for the past 39 years.He has taught courses in macroeconomics, investment theory, and taxation at several colleges.
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This comments on this blog will be moderated by the authors who reserve total discretion on what they choose to allowon the blog. If you wouldn't want your mother or child to read what you wrote, then we probably won't put it up. Otherwise, we will try to have a healthy discussion. We welcome dissenting opinions, but reserve the final right to determine what goes up as comments.