By Jack Forehand (@practicalquant) It was a cold October day in 2016. I woke up at 3 AM to fly to see the biggest institutional client we had in our…
Day: January 15, 2020
Capitalism is Ruling Without Capital
The stock market is “increasingly populated by intangible companies,” according to a recent article in Bloomberg that discusses the trend’s implications. “Some 40% of public stocks quoted in the U.S.…
Damadoran on the Dilemma of Disruption
At the 2019 CFA Institute Equity Research and Valuation Conference, NYU finance professor Aswath Damadoran spoke about disruption and the challenge associated with valuing disruptors. “As human beings, we don’t…
Thaler Warns to Sell Losers Before 2019
In a recent interview with Barron’s, behavioral economist and Nobel Laureate Richard Thaler said that although investors should sell their losing stocks at year-end, they resist doing so. Thaler said,…
Buffett’s Resolutions for 2020
This past year was “unremarkable” for Warren Buffett’s Berkshire Hathaway as the conglomerate’s cash hoards continued to grow and any “elephant” acquisitions remained elusive. This according to a recent article…