Mukesh Ambani, the 64-year-old Indian tycoon who controls Reliance Industries Ltd. and a $208 billion empire, is beginning to make plans for succession, details a profile in Bloomberg. According to…
Author: Validea
Stock Exposure Is At A 70-Year High
About half of the $109.2 trillion of household financial wealth is made up of stock market holdings, and that equity share of assets hasn’t been this high in 70 years,…
Factoring in Earnings Revisions
By Justin Carbonneau (@jjcarbonneau) — The market, by all intents and purposes, looks expensive based on most traditional valuation measures (the chart below courtesy of Liz Ann Sonders, Managing Director,…
Profit Falls In The Third Quarter For Berkshire Hathaway
Berkshire Hathaway reported a steep decline in earnings in this year’s 3rd quarter, a reflection of the current turbulence in the market and overall economic slowdown, The New York Times…
Here’s How Advisors Are Replacing the 60/40 Portfolio
High prices, low rates, and a tendency for stocks and bonds to move too closely together has pushed many advisors to ditch the 60% stocks and 40% bonds formula for…
Lu Zhang On The Evolution of Asset Pricing Models And His First Principles Approach to Improve Them
Asset pricing models have evolved significantly over the past several decades. From the Capital Asset Pricing Model to Fama and French’s 3 Factor Model to their more recent 5 and…
Why Is Buffett Selling Billions In Stock?
Legendary investor Warren Buffett has been on a selling spree lately, unloading $2 billion in stocks from Berkshire Hathaway’s holdings for the 4th quarter in a row, according to an…
Inflation Means Bigger Profits For Some American Companies
In spite of higher wages and costs driving up inflation gauges, some American companies are reporting their best profits in years, according to an article in The Wall Street Journal.…
Award-Winning Fidelity Portfolio Manager - Joel Tillinghast - Set To Retire in 2023
Joel Tillinghast, the veteran portfolio manager who has been with Fidelity for over 35 years, will retire from active management at the end of 2023, reports an article in CitywireUSA.…
You Own Too Much U.S. Equity
Portfolio diversification should include a higher international-stock weighting, maintains an article in Morningstar. Most Americans have a home bias, weighting their portfolios heavily towards U.S. stocks. But foreign stocks can…