An article in CFA Institute offers an overview of how Buffett’s Berkshire Hathaway has avoided many of the major pitfalls suffered by other “star” investors and how, from a factor-investing…
Day: June 4, 2019
Forecasters are Usually Wrong, But Foxes Are Better At It
A provocative article in The Atlantic highlights the unsuccessful track record of “expert” forecasters, regardless of their area of specialty or level of experience. However, the article points out that…
Buybacks Not Likely to Slow Down
Market volatility is not likely to slow down the pace of share buybacks by U.S. companies, according to a recent article in The Wall Street Journal. According to S&P Dow…
GMO: Investor Strategies are Solving the "Wrong Problem"
A recent GMO client letter urges investors to “stop obsessing over their portfolios and pay more attention to factors beyond their holdings that are more difficult to measure” or risk…
What Quant Value Models Can and Can't Do for You
By Justin Carbonneau (@jjcarbonneau) – Two weeks ago I wrote an article, Differences in Value, where I outlined the various criteria (i.e. price-to-sales, price-to-book, and enterprise value-to-EBIT) used in the…