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…

Buffett Converts BofA Warrants

Berkshire Hathaway CEO Warren Buffett secured an $11.5 billion gain by exercising warrants to purchase 700 million shares of Bank of America Corp., according to an article in Bloomberg. The…

Market Forecasting Difficult

A recent article in The Economist discusses the difficulty analysts face in forecasting returns given the current market’s stretched valuations. “Just as fund managers cannot be relied on to be…

REIT Outperforms Through Active Management

As active stock managers continue to face competition from low-cost index funds, some firms have managed to outperform benchmarks by using “specialized expertise and fundamental research in sectors like real…