Author Archives: Frank Sortino

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.

Who’s to Blame for all our Problems?

If you believe all our politicians, it’s China. See if you still believe that after reading: Thanks to my friend, Kal Salama, I’m sitting out the current Fed Fiasco with 40% of my portfolio in two high grade corporate bond … Continue reading

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Puzzled at What is Going On in the World?

I would like to recommend a very boring book my friend, Kal Salama, recommended to me by Ludwig von Mises on Human Actions. Or perhaps I can talk him into summarizing it for you on LinkedIn. Consider this a follow-up … Continue reading

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Actions Are Worth a Thousand Words

The Fed is looking in the rear view mirror to see what happened in the last 3 years to flawed lagging indicators of inflation, while the administration refuses to take down the trade barriers with the EU, Mexico, Canada and … Continue reading

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Time to take some chips off the table

This is a short covering rally. When it is over we will still be left with the reality of:

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Now is Not Then

Stop looking back in history to see what to do now! The inflation rate was 1 percent in 1965 & hit 14 percent by 1980.  Volcker took the radical step of switching Fed policy from targeting interest rates to targeting … Continue reading

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Flags are UP!

They tell the truth more often than Powell, looking at his data from the past and what it meant when I was in Grad school.

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The Milgram Experiment Redux

Look it up. This time, Chairman Powell is wearing the white jacket, posing as: “The Authority,” telling unsuspecting dupes, us, to pull the switch sending deadly shock waves into other dupes.  Why? Because we have learned to obey orders from … Continue reading

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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 … Continue reading

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Who’s Short Tech?

If it is kids who are new to the market, it will be short lived. If it is Hedge Funds who are naked…it could be spectacular! Last chance to lock in some profits for the year, and I intend to.

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Que Sara, Sara.

But who knows what will be? In the words of one visionary: “Some of the best minds of our era are still in thrall to an older way of seeing and thinking We’ve left our future, in other words, largely … Continue reading

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