Most investors lack patience and don’t understand underperformance, which motivates them to abandon funds when performance dips—precisely the time they shouldn’t, says Joel Greenblatt, co-founder of Gotham Asset Management. In…
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David Swensen: The Gatekeeper of Yale's Endowment Fund
At $25.4 billion, Yale University’s endowment fund is one of the largest in the country. Since 1985 (when it totaled $1 billion), it has been overseen by David Swensen, described…
Peter Lynch's Strategy and PEG Ratio Picks
The legendary manager of Fidelity’s Magellan fund (1977 to 1990) and author of One Up on Wall Street subscribed to the investment philosophy of buying into companies you could understand…
Ritholtz on Hindsight Bias
“Everyone knew Trump would win all along,” writes Barry Ritholtz in last week’s BloombergView, arguing that such hindsight bias “haunts investors constantly.” Specifically, he explains, the human brain creates “stories…
Hedge, But at What Cost?
Crowded trades can undermine investors’ attempts to find safe havens, according to an article in last month’s Wall Street Journal. “Now it is more expensive to insure against losses in…
When Taken by Surprise, Wait it Out
“Little is ever clear about an incoming president, and no more than usual—perhaps less—is clear about this one,” says Jason Zweig of The Wall Street Journal. In yesterday’s “Moneybeat”, Zweig…
Ken Fisher's Wish List
In last week’s Forbes, money manager Ken Fisher offers a list of things he is grateful for as well as a wish list for the year ahead. He is grateful…
A Contrarian View May Be in Order
The seven-year-old bull market that started in the aftermath of the financial crisis could be facing a shift over the next five years, says Validea CEO John Reese in last…
Zweig on Closet Indexing & Active Share
For many years, argues Jason Zweig in last month’s Wall Street Journal, “many fund managers haven’t done much managing at all.” Instead, he writes, they track market indices and “buy…
Emerging Markets on The Rise
After a run of disappointing performance, emerging market stocks are perking up, says Validea CEO John Reese in a recent article for Nasdaq. Since January, this class of securities has…