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From time to time we are asked by clients why we do not use a specific allocation to gold.  Gold has been a store of value for nearly as long as commerce has existed, it is considered to be a [...]

At Empirical, we generally advise individual investors to avoid investing in individual securities (such as single stocks or bonds), instead recommending the use of funds of these assets to get [...]

At Empirical, we advise investors to keep safe, liquid cash outside of the portfolio designated for longer term objectives.  It is typical advice to have between three to six months (in some [...]

by Joseph Engelberg Caroline Sasseville and Jared Williams We use the popular television show Mad Money hosted by Jim Cramer to test theories of attention and limits to arbitrage. Stock [...]