Keep pulling the thread on Richard Bernstein.
Richard Bernstein predicts that investors solely invested in an S&P 500 index fund, the Magnificent Seven stocks, or the NASDAQ may have disappointing returns over the next three to ten years.
The median projected earnings growth rate for high-quality non-U.S. stocks is equal to or slightly higher than the median growth rate for the Magnificent Seven.
In July 2009, Richard Bernstein interpreted a significant improvement in weekly initial jobless claims as a key indicator that the U.S. was entering what he believed would be the biggest bull market of his career.
High-quality non-U.S. stocks offer dividend yields of 3% to 4.5% and trade at one-third to one-half the valuation of the Magnificent Seven stocks.
The United States has been paying a risk premium on its government debt relative to AAA-rated sovereign debt since its initial credit downgrade in 2011.
The lack of U.S. fiscal discipline results in a yield penalty of just under 200 basis points on its 10-year Treasury bonds.
A study by Oxford Reuters found that Americans now get more of their news from social media than from any other source.
In the years preceding the 2008 financial crisis, Merrill Lynch's corporate culture shifted away from its private client focus, leading the firm to take on excessive risk in areas where it lacked experience.
Richard Bernstein founded Rich Bernstein Advisors in 2009 after leaving Merrill Lynch following its acquisition by Bank of America.
In 2009, Rich Bernstein Advisors faced difficulty attracting investors because the firm's bullish stance on the United States market was contrary to the prevailing cautious sentiment.
In 2009, the consensus investor view was that any potential for growth was in emerging markets, not in the United States.
It took Rich Bernstein Advisors approximately five to six years to reach $5 billion in assets under management.