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Mark Hulbert

author Image Mark Hulbert is editor of the Hulbert Financial Digest, a newsletter that ranks the performance of investment advisory newsletters. It is published monthly and is located at 5051B Backlick Rd., Annandale, Va. 22003; 703/750-9060.


Articles by this Author

Area of Expertise: performance of investment advisers

Website: www.marketwatch.com/hulbert

Books: "The Hulbert Guide to Financial Newsletters" and "Interlock: The Untold Story of American Banks, Oil Interests, the Shah’s Money, Debts and the Astounding Connections Between Them"

Topics Presented in Speeches: lessons learned from which investment strategies have worked, and which have not worked, over the long term

Email: mark.hulbert@dowjones.com

Biography:
Mark Hulbert is editor of The Hulbert Financial Digest (HFD), which has rated the performance of investment newsletters for more than 30 years. In 2002 the HFD became a service of MarketWatch. Since then, in addition to continuing to edit the monthly HFD newsletter, Hulbert has written a three-times-a-week investment column for the MarketWatch website. From 1998 through early 2010, Hulbert wrote a column on investment strategies for the Sunday New York Times.  For the 11 years before that, he was a columnist on the same subject for Forbes magazine. Hulbert has co-authored two books: “The Hulbert Guide to Financial Newsletters” (Dearborn, 1993) and “Interlock: The Untold Story of American Banks, Oil Interests, the Shah’s Money, Debts and the Astounding Connections Between Them” (Richardson & Snyder, 1982).

Articles by this Author


  1. Investment Newsletters »

    Believing Performance Claims: A Triumph of Hope Over Experience

    Many advisers may use short-term returns to tout strong performance, but over the long term, a 15% annualized return is the maximum sustainable return.

    January 2012 | Journal

  2. Investment Newsletters »

    Think Twice, Even Thrice, Before Trading

    A study of newsletter advisers found that most would have achieved better returns if they reduced the number of buy and sell transactions.

    May 2011 | Journal

  3. Investment Newsletters »

    Prior Bear Markets: A Poor Guide to Future Newsletter Performance

    The current stock bear market has been so traumatic, it is likely to dominate investment decision-making for years. But that may not be such a good thing, because performance in bear markets is a poor guide as to how an adviser or strategy will perform over the long term. A look at the numbers.

    June 2009 | Journal

  4. Investment Newsletters »

    Long-Term Newsletter Performance: It's Not Easy to Beat the Market

    How have investment newsletters performed over the very long term? Overall, beating the market is a relatively rare phenomenon.

    July 2008 | Journal

  5. Investment Newsletters »

    The More Things Change, the More They Stay the Same

    Lessons learned from monitoring newsletter performance over the last 30 years.

    November 2007 | Journal

  6. Investment Newsletters »

    Recipe for Picking Winners: Add Time to a Pinch of the Past

    Past performance isn't a guarantee, but it serves as an important tool when choosing an investment adviser--if you focus on track records of eight to 10 years, or longer. A look at the evidence.

    June 2007 | Journal

  7. Investment Newsletters »

    Creating the Ideal Benchmark: Freeze Your Adviser

    Has your adviser beaten his performance benchmark, or hasn't he? Standard performance comparisons raise a surprising number of complex issues. A different way of constructing benchmarks - and how newsletters stack up.

    September 2006 | Journal

  8. Investment Newsletters »

    Asset Allocation: Is It Really Different This Time?

    Many investors recently have questioned whether the relationship among traditional asset classes has changed. The investment implication is that investors need to diversify more broadly into alternative asset classes. But have things really changed? A look at U.S. stocks versus other traditional asset classes suggests things may not really be so different.

    June 2006 | Journal

  9. Investment Newsletters »

    Lessons of the Last Quarter Century: Tie Yourself to Your Strategy

    A look at the performance of investment newsletters over the last 25 years indicates that there is a wide diversity of approaches among the top performers. What do they have in common? They stick to their style.

    September 2005 | Journal

  10. Investment Newsletters »

    Should You Seek or Shun the Most Popular Stocks?

    Contrary to the contrarians, a short study shows you shouldn't automatically shun the most popular stocks.

    June 2005 | Journal

  11. Investment Newsletters »

    Investor Sentiment Indicators: Quite Contrary?

    Investment Newsletters: Does the market run contrary to investor sentiment? An examination of the relationship between the stock market and measures of investor sentiment indicates that there may be something worthwhile to contrarian analysis.

    September 2004 | Journal

  12. Investment Newsletters »

    Performance Guides: The Longer the Track Record, The Sharper the Image

    Investment Newsletters: The bear market that began in March 2000 had one silver lining: It provided the ultimate test of whether performance-monitoring systems can separate the good from the bad.

    June 2004 | Journal

  13. Investment Newsletters »

    Are We in a Bull Market Beginning or a Bear Market Correction?

    Investment Newsletters: Since March 2003, small-cap growth stocks have outperformed small-cap value stocks. This is more reminiscent of the speculative behavior prior to major market tops than the beginning of a new bull market.

    September 2003 | Journal

  14. Investment Newsletters »

    Just How Difficult Is It to Time the Bond Market?

    Bond market timers have faced tough challenges in recent years. Have they risen to the occasion?

    July 2003 | Journal

  15. Investment Newsletters »

    The Price-Value Relationship: Do You Get What You Pay For?

    Direct mail marketers say that in head-to-head tests of two investment newsletters that differ only in price, the higher-priced one often receives more responses. Do more expensive newsletters provide better returns?

    May 2003 | Journal