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Do famous economists make good stock pickers?

Posted on May 13, 2008

Over the weekend, Diya Gullapalli of the Wall Street Journal took a closer look at the problems faced by two oil industry ETFs that were developed with the help of Yale economist Robert Shiller. Simply stated, the two exchange-traded funds turned out to be too smart for their own good : one fund let investors bet crude oil prices would rise, while the other let investors bet that crude oil prices would fall -- all without owning the actual commodities or investing in oil futures. As Gullapalli explains, the two funds were designed to act like a seesaw. When oil rose, the [short-term Treasury...

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commodities , etf , etfs , futures , oil futures , traded funds , trading