In a Financial Planning article titled “Investing Should Be Painful,” founder of research firm Wealth Logic, LLC Alan Roth writes, “I suggest telling clients to embrace the pain and…
Author: Validea
Manager Looks at Free Cash Flow to Beat the Market
Sandy Rufenacht, of Aquila Three Peaks, takes an intensive look at companies before investing, looking especially at their free cash flow over the next 12 months and their relationship with…
Buffett on America's Progress and Why he Remains a Long Term Optimist
Asked what he is optimistic about, Warren Buffett reflects on some key points of progress over his lifetime and suggests some things we might all be thankful for. “If I’d…
Leading Fund Managers Offer Bullish and Bearish Predictions
Financial Advisor magazine offers up brief predictions by some top fund managers. Ruchir Sharma, of Morgan Stanely, says “We are now just one big shock away from a global…
Learning from Swensen's Success at Yale
Yale’s endowment fund has performed exceptionally well under David Swensen, returning an average of 10% per year since 2005, beating all major stock indexes and all but 2 of Morningstar’s…
AQR Tests Market Timing Techniques, Helping to Boost Long Term Returns
A recent article by Cliff Asness and colleagues from AQR Capital Management challenges the academic finance recommendation to avoid attempts to time the market. “Sinning a little,” Asness and…
Fed Rate Hike Could Cause Market "Accident" Says DoubleLine Exec
Bonnie Baha, head of global developed credit at DoubleLine Capital LP, said “I think there is a high probability of an accident” if the Fed raises rates in 2015. She…
Long Term Champ Sequoia Fund Shows the Risk of Ultra High Portfolio Concentration
The Sequoia Fund, managed by proteges of Warren Buffett, highlights the risks of focusing on just a few stocks. Although it has one of the best long-term records of any…
Can Investors Time the Market By Going Against the Flow?
Yale professor Roger Ibbotson and Research Affiliates founder Rob Arnott debated the challenges and opportunities of timing the market at the 2015 Schwab IMPACT conference. As reported by Financial Advisor,…
When It Comes To Growth Or Value, Have Your Cake And Eat It Too
It’s extremely common to hear investment commentators talk about “growth” and “value” as though they are polar opposites. But Validea CEO John Reese says not to buy that false notion.…