“Every past market crash looks like an opportunity, but every future market crash looks like a risk,” writes Morgan Housel in a recent blog for Collaborative Fund. Housel offers insights…
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John Neff and Five Picks for the Low P/E Investor
For legendary investor John Neff, who managed Vanguard’s Windsor Fund from 1964 to 1995, a stock’s price-earnings ratio represented a measure of what level of growth investors are expecting a…
Changes in Harvard's Endowment Fund
Harvard University’s endowment fund is unique in its holding of a $4 billion natural resources portfolio that owns assets across five continents, according to a recent article in The Wall…
John Bogle Shares Thoughts on Professional and Business Values—Part 5
An essay by Vanguard founder John Bogle, published in a recent issue of the CFA Institute’s Financial Analysts Journal, offers insights and guidance concerning the need for balance between professional…
Indexing Beats Smart-Beta Track Record
Many smart-beta funds– which develop portfolios focusing on various factors such as low volatility, value, or momentum– have underperformed the market, especially after accounting for fees and expenses. This according…
Jack Bogle Shares Thoughts on Professional and Business Values—Part 4
An essay by Vanguard founder Jack Bogle, published in a recent issue of the CFA Institute’s Financial Analysts Journal, offers insights and guidance concerning the need for balance between professional…
FPA's Steven Romick Lists Habits of Successful Investors
Short-term market price movement does not tell us anything about long-term value, according to Steven Romick, managing partner with investment firm FPA. A recent Barron’s article offers an excerpt from…
Validea Hot List Newsletter: Quant Investing Still Requires Discipline
In our most recent Validea Hot List newsletter, we address the different implications and forms of quantitative investing. We cite varying industry points of view, including that of Newfound Research’s…
John Bogle Shares Thoughts on Professional and Business Values—Part 3
An essay by Vanguard founder John Bogle, published in a recent issue of the CFA Institute’s Financial Analysts Journal, offers insights and guidance concerning the need for balance between professional…
Hulbert Says Momentum Investing Lives
There are still good reasons for investors to pursue a momentum strategy, writes Mark Hulbert in a recent Wall Street Journal article. He offers data collected by Eugene Fama (University…