By Jack Forehand — When we started following guru-based models, the term factor investing didn’t exist. We just wanted to find a way to outperform the market, and we realized…
Author: Validea
Cohen Preparing for a Comeback
Billionaire Steve Cohen, the former head of the firm SAC Capital Advisors—which pleaded guilty to securities fraud in 2013 and agreed to pay a record $1.8 billion fine—is considering starting…
It's Time To Get Into The Rebalancing Act
By John P. Reese — If it ain’t broke, don’t fix it can be a useful mantra in many walks of life, but investors should be wary when applying this idea…
Buffett Wins his 10-Year, Million-Dollar Wager
Warren Buffett is the winner in the bet he made with finance professionals back in 2007 that, over the ten years between January 1, 2008 and December 31, 2017, the…
Fund Manager Holds Cash in Anticipation of North Korea-Prompted Selloff
AMP Capital’s Nader Naeimi, who heads one of the firm’s dynamic investment funds, has about 30% of his holdings in cash, according to a Bloomberg article from earlier this month, and…
Vanguard's McNabb Says Data Doesn't Support ETF Bubble Fears
Although the shift to ETFs over the past ten years has been dramatic—since the start of 2008, the industry has attracted nearly $2.8 trillion in investment dollars (according to the…
Trying to Time Black Swan Events is a Losing Proposition
The post-financial crisis strategy of investing heavily in hedge funds that “offered protection should the markets plunge” has fallen out of favor, according to a recent article in The Wall…
To Active Managers: If You Can't Beat 'Em, Join 'Em
Arguing that the shift to passive investing is “really just a reflection of an even bigger move away from high-cost to low-cost funds,” a recent Bloomberg article suggests that active…
Byron Wien's Market Insights from Annual Lunch Series
Blackstone strategist Byron Wien shared some takeaways from the annual summer luncheons series he offers to “tap the collective wisdom of financial experts,” according to a recent article in Barron’s.…
The Investor as a Storyteller
By John P. Reese — The celebrated author Mark Twain said, “It’s not what you don’t know that kills you, it’s what you know for sure that ain’t true.” Twain’s…