Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the David Dreman-inspired strategy, which has averaged annual…
Category: Behavioral Finance
Grantham Gloomy, But Not Running From Equities
GMO’s Jeremy Grantham sounds quite gloomy in his latest quarterly letter, though he advises a “near normal” allocation to equities and says high-quality U.S. stocks are “relatively cheap”. Grantham says…
Tilson On Financials, And The Importance Of Discipline
Whitney Tilson says he doesn’t think the U.S. is headed for financial Armageddon, which means numerous bargains — including several in the financial sector — are available right now. “Yes…
In Rare Interview, Klarman Talks Value Investing
Hedge fund guru Seth Klarman rarely talks with the media, but he recently gave an in-depth interview to Charlie Rose through the group Facing History and Ourselves. And Business Insider…
Which Value Metric Offers The Most Value?
Last week we looked at some new data from James O’Shaughnessy’s updated version of his classic book What Works on Wall Street. This week we’ll examine some more of O’Shaughnessy’s…
Shiller on "The Neuroeconomic Revolution"
The field of neuroeconomics has gained a lot of traction in recent years. But Yale Economist Robert Shiller says a “neuroeconomics revolution” has only just begun. In an article for…
Keeping Confirmation Bias at Bay
As emotional creatures, human beings are prone to a multitude of behavioral biases that can help them in daily life, but hurt them badly in the investing world. Even the…
Fisher: Buy on Fear
Kenneth Fisher says that fears of a eurozone collapse and a double-dip recession in the U.S. continue to be overblown, and thinks stocks are positioned well heading into 2012. “Sentiment…
More Evidence that Correlations Haven't Really Changed
Recently we highlighted an article from Mark Hulbert that detailed why talk of a new era of higher correlations among stocks is misguided. Now, The Wall Street Journal’s Jason Zweig…
Look Beyond Europe News, Sonders Says
Charles Schwab’s Liz Ann Sonders — whose calls on the start and end of the “Great Recession” proved quite accurate — warns against hyperfocusing on Greece’s debt problems. “Even the…