After getting “battered by the Reddit crowd earlier this year,” Wall Street bears have lost their appetite for shorts, as the easing of lockdowns and a fervent vaccine rollout have…
Day: April 26, 2021
Managers and Investors Switch to ETFs
“Eager to give the public what it wants, and to keep shareholders from walking out the door with their assets,” some fund providers have begun converting stock mutual funds to…
Academic Research Spotlight: Migration by Eugene Fama and Kenneth French (Ep. 85)
This week, we look at some interesting research that took a unique approach to explaining the value and size premiums. We examine the paper “Migration” by Eugene Fama and Kenneth…
Greenblatt and Pzena on Active Management in 2021
In a recent investing masterclass, longtime friends Joel Greenblatt (Gotham Funds) and Richard Pzena (Pzena Active Management) shared insights on the state of active management and what it means to…
Investors, Don’t Let This Stock Market Magic Trick Fool You
As the one-year mark for fund statements moved past the March 2020 low, returns look like they have surged—but this calendar quirk can mislead the unwitting investor. This according to…
Bernie Madoff Fooled the World
More than a decade after Bernie Madoff was charged with running a Ponzi scheme worth an estimated $65 billion, “we can begin to see the secrets of Madoff’s success,” according…