Validea Hot List Newsletter: Spotlight on Guru John Neff

In our most recent Validea Hot List newsletter, we highlight the investment philosophy of John Neff, who managed the Vanguard Windsor Fund from 1964 to 1995 (during which time the fund averaged a 13.7 percent return versus the S&P 500’s 10.6 percent). Neff’s strategy focused on the price-earnings ratio as a gauge of investor expectations for a company’s future growth—an important factor according to this market guru. We explain the Neff methodology, founded on the… Read More

Validea Hot List Newsletter: Quant Investing Still Requires Discipline

In our most recent Validea Hot List newsletter, we address the different implications and forms of quantitative investing. We cite varying industry points of view, including that of Newfound Research’s Corey Hoffstein who argues, “For the market to function, someone has to perform information discovery on individual stocks.” The newsletter also references a comment by Wall Street Journalist Gregory Zuckerman in a recent podcast, in which he underscores that there is a continuum of quant… Read More

The “Hurry Up And Kiss Me” Market

The following is an excerpt from the June 3rd, 2016 Validea Hot List newsletter.  Summary:  The financial crisis and Great Recession were incredibly painful events for investors, the financial equivalent of going in for a good night kiss and having your date slap you in the face Because of that, many investors have spent the last several years sitting on the sidelines, not wanting to get hurt again. Seven years of rising stocks and a… Read More