KnowRisk® Reports

November 14, 2023

How to Lose Half Your Money in Government Bonds

Yes, you can lose half your money in government guaranteed bonds. The iShares index ETF “TLT” of 20-year treasury bonds shown below has lost half its value in the last 3 years. Some bonds, 30-year Treasuries for example, have been impacted even worse. Long time clients are well familiar with Equitas’s position on bonds having written KnowRisk reports “Return-Free Risk” in 2012 and “The Warning Label” 2014. Did we know that treasury bonds would lose half their value? No, we just thought that a 1% yield was not worth the risk of investing. Now, we are recognizing the opportunity presented by the highest bond yields in decades.

KnowRisk® Report News
October 9, 2023

Permanent Inflation

Total Federal spending for fiscal 2023 stands at over $6 trillion with a projected deficit of $2 trillion by the nonpartisan Committee for a Responsible Federal Budget (CRFB). This marks a reversal from last year’s drop, increasing concerns over deficits, inflation, and spending.

KnowRisk® Report News
July 21, 2023

Artificial Intelligence (Written by AI)

This is the first KnowRisk Report on the topic of artificial intelligence, written completely by artificial intelligence computers. We asked the computer 3 questions: What are the pros and cons of using AI for investment research? Where will AI be in 5 years? Will AI ever surpass human intelligence?

KnowRisk® Report News
April 18, 2023

Bringing Risk Management to Index FundsInflation & Interest Rates

Bringing Risk Management to Index Funds For many companies the phrase; “We have always done it this way” are famous

KnowRisk® Report News
October 2, 2022

Inflation & Interest Rates

Inflation & Interest Rates Inflation remains THE topic for today and the Fed continues aggressively raising rates to bring it

KnowRisk® Report
July 26, 2022

Commodities 101

Commodities 101 The S&P 500 posted its worst first half of the year since 1970, down 20% through Second Quarter

KnowRisk® Report
April 18, 2022

Don’t Fight the Fed

Don’t Fight the Fed To support the economy after COVID, the Federal Reserve massively increased their holdings of mortgages and

KnowRisk® Report
December 25, 2021

2021: A COVID ODYSSEY

2021: A COVID ODYSSEY Similar to Stanley Kubrick’s 2001: A Space Odyssey, the stock market in 2021 was a COVID

KnowRisk® Report
September 1, 2021

Inflation – What’s the Situation?

INFLATION – WHAT’S THE SITUATION? Have you noticed empty shelves at your local grocery store? If you did, you are

KnowRisk® Report
June 1, 2021

How high is your EQ?

HOW HIGH IS YOUR EQ? When I started in the investment business in 1980 the Dow was at 1,000. Now

KnowRisk® Report
March 19, 2021

Economic Update

Economic Update It’s been a while since we issued an update on fundamentals, so we thought we’d roll up our

KnowRisk® Report
January 22, 2021

Innovation Disrupt… or be Disrupted

Innovation Disrupt… or be Disrupted Around 5,000 years ago (2.5 times as far back as Rome), humanity first domesticated the

KnowRisk® Report
October 22, 2020

Why is the Market So Strong & Economy So Weak?

Why is the Market So Strong & Economy So Weak? The continuing strength of the stock market, even as the

KnowRisk® Report
July 22, 2020

Adapting to Change

Adapting to Change My grandmother was born in 1898 when Oklahoma was still an Indian territory. The amount of innovative

KnowRisk® Report
April 22, 2020

CORONAVIRUS (COVID-19)

CORONAVIRUS (COVID-19) The coronavirus is the big news of 2020. Originally thought an airborne virus which can be contained by

KnowRisk® Report
April 20, 2020

KnowRisk® Coronavirus Update

KnowRisk® Coronavirus Update These are no doubt the “interesting times” from the old Chinese proverb. As discussed before, bull markets

KnowRisk® Report
January 28, 2020

A Decade in Review

A Decade in Review At New Years’ Eve in 2009, the mood was somber yet cautiously optimistic as the S&P500

KnowRisk® Report
November 26, 2019

Pick Your Pivot Point

Pick Your Pivot Point Growth has the MomentumFor this KnowRisk Report, we are undertaking some research on the pivot points

KnowRisk® Report
April 30, 2019

Yield Curve Inversion

Yield Curve Inversion While the 1st Quarter 2019 saw a much-welcomed V-shape recovery from the 4th Quarter 2018 decline, there

KnowRisk® Report
January 23, 2019

Active and Passive Money Management

Active and Passive Money Management A line between active and passive investment funds is set to cross next year. Since

KnowRisk® Report
October 17, 2018

The Cyclicality of Style and Location

The Cyclicality of Style and Location The capital markets have grouped equities into two main divisions: Growth and Value. These

KnowRisk® Report
July 25, 2018

ABCs of Asset Allocation

The ABC’s of Asset Allocation “Choosing an asset allocation is one of the most important decisions that investors make.” –

KnowRisk® Report
April 25, 2018

How is Your Hippocampus?

How is Your Hippocampus? Why does everything in the press these days seem to be a crisis? A crisis triggers

KnowRisk® Report
January 30, 2018

Bitcoin – Boom or Bust?

Bitcoin – Boom or Bust? With the massive surge in price last year, Bitcoin and a plethora of other cryptocurrency

KnowRisk® Report
October 18, 2017

The Rise of Artificial Intelligence Investing

The Rise of Artificial Intelligence Investing “Technologies continue to advance. They accelerate the progression of seemingly unrelated technologies, exploding what

KnowRisk® Report
August 24, 2017

Opportunities Abroad

Opportunities Abroad We are long believers in the power of international diversification. However, since 2009 the US S&P 500 has

KnowRisk® Report
April 19, 2017

Active vs Passive Investing

Active vs Passive Investing The evolution in the asset management industry has picked up pace in recent years. A long

KnowRisk® Report
January 12, 2017

The State of Oil and Gas

The State of Oil and Gas In our Second Quarterly letter of 2016, we welcomed our friends and intelligent investors

KnowRisk® Report
October 25, 2016

Market Update

Market Update Part of our work at Equitas includes staying up to date on the latest research from top managers

KnowRisk® Report
August 12, 2016

Welcome to the Exponential Age The New Industrial Revolution

Welcome to the Exponential Age The New Industrial Revolution Singularity University is a Silicon Valley think tank that offers educational

KnowRisk® Report
March 18, 2016

The Great Divide – Passive vs. Active

The Great Divide – Passive vs. Active A Market with FANGSA recent Wall Street Journal article addressed the significant change

KnowRisk® Report
January 27, 2016

Sovereign Wealth Funds and Declining Markets

Sovereign Wealth Funds and Declining Markets Investors are facing stiff challenges as 2016 opened with a bang. Actually, more like

KnowRisk® Report
October 14, 2015

Pessimism Is Popular

Pessimism Is Popular An explosion rocks the Syrian city of Kobane during a reported suicide car bombing by the Islamic

KnowRisk® Report
July 16, 2015

Greece and its Modern Day Trojan Horse

Greece and its Modern Day Trojan Horse The past 5 years have presented themselves with turmoil for Greece as it

KnowRisk® Report
April 26, 2015

Is it Euro € Time?

Is it Euro € Time? Many US investors have avoided European markets over the last several years as US markets

KnowRisk® Report
January 28, 2015

Invest Long Term – Speculate Short Term

Invest Long Term – Speculate Short Term “The only function of economic forecasting is to make astrology look respectable.” –

KnowRisk® Report
July 14, 2014

Behavioral Finance

Behavioral Finance For most researchers working in neuroscience, the Holy Grail is to discover how to regenerate the neurons of

KnowRisk® Report
May 1, 2014

Buy Low, Sell High or Buy High, Sell Higher?

Buy Low, Sell High (The Value Style of Investing) or Buy High, Sell Higher? (The Growth Style of Investing) “The

KnowRisk® Report
February 11, 2014

The Fed Forecast

The Fed Foreccast What will interest rates do? Who really knows? The answer to that question is important to the

KnowRisk® Report
October 13, 2013

Deep Dive: Floating Rate Bank Loan Funds

Deep Dive: Floating Rate Bank Loan Funds Floating Rate Bank Loan Funds
 Overview Equitas believes that investing in floating rate

KnowRisk® Report