The Dangers of the Obvious
The Dangers of the Obvious

By Jack Forehand, CFA Let’s pretend we could turn back time to January 1st of this year. What if I gave you the following series of facts and asked you…

The Pros and Cons of Direct Indexing
The Pros and Cons of Direct Indexing

ETFs have been the fastest growing product in the asset management industry. Since 2003, their assets have increased by over 30 times and currently stand above $5 trillion. And that…

When Fundamentals Don’t Matter
When Fundamentals Don’t Matter

By Jack Forehand (@PracticalQuant) Valuing companies can be a challenging process. While it is commonly accepted that the value of a company is the present value of its future cash…

Is the Price/Book Ratio Dead?
Is the Price/Book Ratio Dead?

By Jack Forehand, CFA The Price/Book has probably been the most important valuation ratio of the past century. If you look at the academic research that supports value investing, you won’t…

The Human vs. The Quant
The Human vs. The Quant

By Jack Forehand, CFA I have always thought I am a better discretionary investor than I am. I think I can predict where the market is headed. I think I…