Jack Bogle, the founder of Vanguard, was most well-known for popularizing three principles: 1) on the whole, funds keep with the indexes until their costs are paid, then they lag…
Tag: John Rekenthaler
5 Speculation Red Flags
In an article for Morningstar, John Rekenthaler offers 5 red flags that investors should be on the lookout for, as they could signal an investment is really a speculation in…
Would You Have Bought Berkshire Hathaway in 1975?
If investors had purchased $1000 worth of Berkshire Hathaway stock in 1975, it would be worth $7.5 million today. But how did BRK’s equity look back then? John Rekenthaler asks…
Excess Returns, Ep. 43: The Past, Present and Future of Investing with Morningstar's John Rekenthaler
John Rekenthaler is Vice President of Research for Morningstar, the author of the Rekenthaler Report column, and a leading expert on the mutual fund industry. John has been with Morningstar…
Rekenthaler on When to Buy Stocks Directly
In a recent Morningstar article, columnist and veteran fund researcher John Rekenthaler argued that novice investors should avoid the direct purchase of equities until they become “sufficiently educated.” Here are…
Morningstar Study: Which Investment Factors Work?
A recent article in Morningstar outlines results of a study the firm conducted on seven investment factors showing that volatility, size and momentum worked best. The article provides the following…
Morningstar's Rekenthaler on Economic Predictions
A recent article by John Rekenthaler of Morningstar begins: “Economic predictions are wonderfully useful…after the fact.” He discusses hindsight bias, and how “history gives a simple picture of that which…
Study Finds that Simple is Better in Mutual Fund Management
A recent study conducted by researchers at Queen’s University in Ontario shows that, on average, domestic stock mutual funds that use hedge fund strategies such as leverage, options and/or shorting…
Rekenthaler Report: It's Hard to Be Like Buffett
While every fund manager yearns for Buffett results, “most don’t mimic his investment approach” writes Morningstar’s John Rekenthaler in his September report. Concentrated, low-turnover portfolios are “not for everybody,” he…
Every Crisis is Different
It would be great if we could extract lessons from every financial crisis and then apply those lessons to avert future crises. Alas, writes Morningstar columnist John Rekenthaler, “The market’s…