A Financial Times article highlights and challenges the common practice of long-term forecasting. Opening with a George Eliot quote – “Among all forms of mistake, prophesy is the most gratuitous”…
Turn of the Month Effect Persists with Stock Price Movements
The Wall Street Journal notes that the “turn of the month effect” continues. In 1988, economists showed that the Dow Jones Industrial Average tended to do better from the final…
Top Hedge Fund Uses Algos to Drive Performance
Pete Muller, who runs PDT Partners, is described by Forbes as “the latest, greatest member of a growing band of hedge fund [managers] that use complex math and computer-automated algorithmic…
An Ecosystem of Experts Who Advise Top Hedge Funds
Ari Bergman acts as a consultant to pensions, endowments, and hedge funds, often through under-the-radar arrangements. As the Wall Street Journal describes it, Bergmann “is part of a larger ecosystem…
Geopolitics and Economics: Niall Ferguson Calls for a Strong U.S. Role, Concerned about China
Niall Ferguson of Harvard spoke with Barron’s about the interface of geopolitics and economics in the U.S, and globally. He emphasizes the importance of political stability to economic prosperity, noting…
O'Shaughnessy: Timeframe Is Most Investors' Biggest Mistake
James O’Shaughnessy’s What Works on Wall Street is something of a bible for quantitative investors, and in a recent Investors Podcast, O’Shaughnessy talked about what his vast amount of research…
2015 Very Tough Year for Active Managers
Tom Lee of Fundstrat Global Advisors told CNBC last month that 2015 was “the worst year for active managers since 1999” because many underperformed their benchmark. He suggested that although…
Byron Wien 10 "Surprises" for 2016 – Clinton Takes Presidency & Markets End the Year Down
Byron Wien of Blackstone provided his annual list of “10 surprises” predicted for the new year, defining “surprise” as an event most see as having less than a 33%…
Malkiel Warns of Expensive Market and Lower Future Returns
Burton G. Malkiel, CIO of Weathfront and author of the best selling investment book, “A Random Walk Down Wall Street”, offers advice for investing in an expensive market in the…
Blending Growth and Value Type Strategies Could be Best
Investment firm Gerstein Fisher suggests that “blending Growth and Value [approaches to investment] even in a simple 50/50 split generally offers more stable returns than either a 100% Growth or…