A recent study conducted by Morningstar that analyzed returns from actively managed stock and bond funds between 2003 and 2016 found “no relationship between any type of management change and future returns,” according to an article in InvestmentNews. Although management changes get a lot of attention in the media and the investment community (the article […]
The quantitative easing that has occurred in the post-Lehman era has led to a situation, writes fund manager Bill Gross in a recent Barron’s article, where central bank balance sheets are replete with equities “in a desperate effort to keep global economies afloat.” Concurrently, he argues, more than $5 trillion of investment grade bonds “trade […]
By John P. Reese In 2006, Oaktree Capital co-chairman Howard Marks wrote a memo titled Dare to Be Great in which he delivered a simple but provocative statement about investing: “This just in: you can’t take the same actions as everyone else and expect to outperform.” Being different, he argues, is “absolutely essential if you […]
The winner of the quarterly Wall Street Journal Winner’s Circle contest—which identifies the U.S. stock fund with at least $50 million in assets (and a record of more than three years) that posted the best performance in the trailing 12 months—is Baltimore-based Miller Opportunity Trust led by Bill Miller and Samantha McLemore (both formerly of […]
Bitcoin is not only irredeemable, but also unbacked. That is a big difference—in favor of the dollar. (Keith Weiner of Monetary-Metals) Read an analysis of Bitcoin as money (Bitcoin has no backing. I think of Bitcoin as “Token” money. What are your thoughts? Also, the developer of Bitcoin provides his understanding of the theory of […]
Although U.S. stock valuations are stretched, economist and leading authority on behavior finance Andrew Lo says this can continue for years due to growing demand for equities by retirement funds,” says a recent article in MarketWatch. Lo is director of the MIT Laboratory for Financial Engineering who also helped establish the new Office of Financial […]
Earnings are fueling the current market climate, according to Nuveen chief equity strategist Robert Doll’s recent Barron’s article. Doll shared the following insights: Following what he refers to as a “soft patch,” Doll says recent economic indicators have trended positive–including positive housing starts and continued tightening in the labor market. The consumer sector of the […]
When EnTrustPermal’s chief executive Gregg Hymowitz sat with the performer Usher at a friend’s wedding in 2012, he asked the celebrity how he made the transition from child artist to adult star, according to a recent Wall Street Journal article. Usher’s answer: “Evolve or evaporate.” The phrase, says Hymowitz, has become his business motto and […]
A new research paper by Vanguard provides a framework for the decision between active and passive investing, according to an article on the company’s website. The paper intends to help the decision-making process by “enabling investors to think more explicitly about their expectations and the risks they’re willing to accept.” Here are some variables the […]
A couple years back, I wrote a series on the topic of returns on capital (ROIC) and how significant its impact is on the long-term value of a business. As a long-term shareholder of a business, your ultimate investment result will be determined by the quality of that business over time. One way to measure […]
The low volatility currently seen in the market is causing concern for many portfolio managers, according to a recent Wall Street Journal article by Jason Zweig. Zweig says many investors share the view of portfolio manager Brian Singer of William Blair & Co. who argues: “The global market’s ongoing low volatility should be unsettling for […]
A key component of becoming a successful investor, writes Morgan Housel of the Collaborative Fund, is the “ability to be comfortable being uncomfortable.” Investors, he says, “have a fascination with no-brainers, obvious decisions, and easy money. The phrases should be chapter titles in a book on the ease of deluding yourself.” He argues that finding well-performing […]
“In a period of otherwise extended market calm, ” says a New York Times article published in May, “geopolitics have been driving periodic bouts of volatility.” Citing such events as President Trump’s attempt to shut down the F.B.I. investigation of former national security adviser Michael Flynn, the article says, “Even small investors have been making […]
However, thanks to eight years of record low interest rates many of the best high dividend stocks (including utilities) are trading at unappealing valuations that can make for a higher degree of risk than many investors realize. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px […]
UPDATE 06-01-2017: Google is continuing its preparations for the release of the Google Pixel 2; the sequel to the first of its flagship smartphone released last year. It is probable that this mobile will arrive in October, following the release schedule from the original smartphone. However, some reports have suggested that the mega-corporation could be […]
With just a few days to go until Apple opens the doors on WWDC 2017, its Worldwide Developers Conference. Here’s one last chance to find out everything you need to know about the upcoming event. That’s including, the dates, time, where it’s being held at, plus how to watch it. And of course what you […]
Great article in the AFR that suggests Omaha is not the only place that value investors are heading to for great ideas. It seems Denver and Toronto are becoming equally important destinations, as are the annual meetings of Markel Corporation and Fairfax Financial, as investors prepare for life after Buffett and Munger. Toronto in time […]
There is a strange smell in Karachi’s atmosphere today and all the residents of the city are talking about it over social media but no one knows the real reason behind the repugnant smell. Weather Updates PK page on Facebook unveils the real story behind the weird smell in Karachi’s air today. This is what’s happening: its […]
Robert Cialdini For AstraZeneca Pre-Suasion: A Revolutionary Way to Influence and Persuade [youtube https://www.youtube.com/watch?v=O8f9M0kkn74?ecver=1] Robert Cialdin’s Pre-Suasion – Book Review Pre-Suasion: A Revolutionary Way to Influence and Persuade by Robert Cialdini Ph.D. Image source: YouTube Video Screenshot “Best Business Books of 2016” —Financial Times Inc.com’s Geoffrey James Names Pre-Suasion Best Sales and Marketing Book of […]
In this video we add a range of asset allocations to your spreadsheet so you can easily compare how your choices of risk levels will impact your expected range of outcomes. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} Get The Timeless […]