By Jack Forehand, CFA (@practicalquant) There are many skills that can benefit you as an investor. Being smart is certainly an asset, although it can also get you in trouble…
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Commentary: Smart Beta vs. Alpha-Beta Combination
A recent article in CFA Institute suggests ways to combine alpha and beta factor strategies to create a “simple and clean equity portfolio” that offsets some of the “innate human…
Berkshire Stakeholder Sells Stock
Longtime Berkshire stockholder David Rolfe, chief investment officer at Wedgewood Partners, wrote in his third-quarter letter to clients that he’s fed up with Berkshire Hathaway’s lackluster investments and missed opportunities…
Joel Greenblatt Defends Value Investing
In a recent interview with The Wall Street Journal, Joel Greenblatt—described as “maybe the best-known value investor this side of Warren Buffett,” shared insights on the subject of value investing…
Why Performance Chasing Can Be Perilous
A recent article in Fortune presents a cautionary tale about performance chasing by citing the example of the SPDR Gold Shares ETF’s (GLD) performance over the last decade. “From a…
As Indexing Rises, Fund Managers Try Financial Planning
As investors continue to channel their dollars into index investing, income-hungry fund managers are offering financial planning services to both advisers and individual investors to generate new revenue. This according…
Investing Strategy as Market Shifts from Growth to Value
The value strategy has underperformed growth over the past decade, but over the past 12 months “it appears the pendulum has swung to favor value stocks and recent data suggests…
GMO Excerpts: The Comeback Trail of Value Investing
A recent article in FT Alphaville offers insights from GMO’s Head of Asset Allocation Ben Inker regarding the potential for a value reversal, as outlined in the firm’s third quarter…
Mutual Fund Unicorn Investment Backfires
The attempt by mutual funds to beat benchmarks by investing heavily in unicorns—private companies worth more than $1 billion—has been disappointing as “newly public companies are being forced to mark…
Private Equity is Everywhere
A recent article in Bloomberg offers an in-depth look at the private equity industry, how it has evolved, and the ways it is “changing finance and the economy itself.” Here…