In his annual letter to Berkshire Hathaway shareholders, Warren Buffett defended the firm’s bigger-than-usual share buybacks (of nearly $25 billion) by noting that they boost intrinsic value for shareholders while…
Day: March 10, 2021
Bullishness as a Contrarian Sell Signal
A Bank of America gauge of market bullishness is approaching a level “that historically has been bearish for stocks,” according to a recent article in Bloomberg. The BofA measure—which “tracks…
“Charging Bull” Sculptor Remembered
Sculptor Arturo Di Modica, who created the famous Charging Bull statue that has graced the streets of lower Manhattan since 1989, died on February 19 at age 80. This according…
Investor Exuberance Highlighted by Historic Stock Gains
Investor confidence that government stimulus and the coronavirus vaccine roll out will boost the economy has left shares of small companies “outpacing their larger counterparts by the widest margin in…
Value Investing is Back! Or is it?
By Jack Forehand (@PracticalQuant) — Those of us who run value strategies have had more reason to celebrate in the past 9 months than we had in the prior decade…