Who Knows?

Nobody knows what the Fed is going to do…not even the Fed! The data doesn’t know either and won’t know until next year, and then it will be revised 6 months later. Start looking at what makes things happen. Nobody knows what NFL team is going to win but you have a good idea of who has the best young players and who has a bunch of beat up old greats. Therefore, you have a good idea of where to place your bets for the future, and I don’t mean, next week or next month.

About Frank Sortino

Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.
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