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…
Hayman Capital's Kyle Bass Predicts Oil Reversing from Surplus to Deficit in 2016
Kyle Bass, founder of Hayman Capital Management, predicts that current oversupply of oil will “go from a glut to a sudden deficit” in 2016. “If you’re going to allocate capital…
Nuveen's Doll Optimistic for 2016
Bob Doll of Nuveen presents an optimistic picture of 2016, according to MarketWatch. Doll says, “My view is oil is going to stabilize at a low level, and we will…
Graham and Buffett Disciple Tops the Charts in 2015
Deena Friedman manages the Fidelity Select Retailing Portfolio, which has the highest 2015 return among mutual funds. With a return of over 18%, Barron’s notes that her “stock-picking easily outperformed…
Fidelity PM Learns from Value Greats like Buffett, Graham and Klarman
Chuck Myers, who heads the Fidelity Small Cap Discovery Fund, shared some of the lessons he has learned as a value investor at the recent CFA Institute Equity and Valuation…
Investors face a "New Operating Regime," El-Erian Says
Mohamed El-Erian, chief economic advisor of Allianz SE and chairman of President Obama’s Global Development Council, says “[f]inancial markets are now transitioning . . . to a new operating regime.”…