Three investment lessons from the trees

April 17, 2015 11:22 AM

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But as winter retreats and spring takes hold, it's a good time to look at trees. And, while there aren't 13 investment themes to take from trees, there are three – and they're good ones.

This may sound farfetched, but it's the subject of an award-winning paper titled "Lumber: Worth Its Weight in Gold - Offense and Defense in Active Portfolio Management," by Michael Gayed and Charlie Bilello of Pension Partners. In a nutshell: When lumber outperforms gold over the previous 13 weeks, ...

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