Evaluating Portfolio Managers: The Luck Factor

We are constantly singing the praises of examining fundamentals when choosing stocks, but a similar process applies when evaluating the performance of portfolio managers,  says Jacques Lussier, CFA and CEO of Ipsol Capital. In a recent Take 15 interview for Enterprising Investor, Lussier shares his insights about the value of “factor-based benchmarks” when distinguishing effective managers from lucky ones. “Some managers,” says Lussier, “have good performance because they have good process” but some show well… Read More

Build a Real Portfolio Using Stock Screens

The advent of stock screening software has made it possible for investors to search using any number of metrics, but that’s only part of building a successful investment portfolio. This complex process is the subject of an article by John Reese, founder of Validea Capital Management LLC., in the July issue of The American Association of Individual Investors Journal. Reese asserts that, while stock screening models are a helpful tool, they don’t provide all the… Read More