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Nobel Prize Awarded to Eugene Fama

Written by Jerrold "Lex" Grecu, CFA, CFP(r) on 24 October 2013.

We are pleased to announce that Eugene Fama has been awarded the Nobel Prize in Economics.  Professor Fama's groundbreaking work on asset pricing and markets inspired the founding of Dimensional Fund Advisors (DFA), the academic think-tank that has helped Grecu Capital Management develop and implement investment strategies for our clients for more than 10 years.

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Who Has the Midas Touch?

Written by Jerrold "Lex" Grecu, CFA, CFP(r) on 08 March 2012.

With the price of gold hovering near its all-time high and the spectre of inflation leading to an increase in "gold-bugs" (gold owners), I am asked frequently why I don't believe gold is a good investment.  The short answer is that gold has never been a good long-term investment and, maybe more surprisingly, has not been the best historical hedge against inflation.

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A Political Circus, Not a Financial Crisis

Written by Jerrold "Lex" Grecu, CFA, CFP(r) on 19 July 2011.

I've received a few calls this week regarding the circus going on in Washington DC this past week. Both sides seem to be at a bargaining impasse. At stake? America's first default on debt payments and a credit quality downgrade from AAA to who-knows-what.