By Justin Carbonneau (@jjcarbonneau) — The market, by all intents and purposes, looks expensive based on most traditional valuation measures (the chart below courtesy of Liz Ann Sonders, Managing Director,…
Profit Falls In The Third Quarter For Berkshire Hathaway
Berkshire Hathaway reported a steep decline in earnings in this year’s 3rd quarter, a reflection of the current turbulence in the market and overall economic slowdown, The New York Times…
Here’s How Advisors Are Replacing the 60/40 Portfolio
High prices, low rates, and a tendency for stocks and bonds to move too closely together has pushed many advisors to ditch the 60% stocks and 40% bonds formula for…
Lu Zhang On The Evolution of Asset Pricing Models And His First Principles Approach to Improve Them
Asset pricing models have evolved significantly over the past several decades. From the Capital Asset Pricing Model to Fama and French’s 3 Factor Model to their more recent 5 and…
Why Is Buffett Selling Billions In Stock?
Legendary investor Warren Buffett has been on a selling spree lately, unloading $2 billion in stocks from Berkshire Hathaway’s holdings for the 4th quarter in a row, according to an…
Inflation Means Bigger Profits For Some American Companies
In spite of higher wages and costs driving up inflation gauges, some American companies are reporting their best profits in years, according to an article in The Wall Street Journal.…
Award-Winning Fidelity Portfolio Manager - Joel Tillinghast - Set To Retire in 2023
Joel Tillinghast, the veteran portfolio manager who has been with Fidelity for over 35 years, will retire from active management at the end of 2023, reports an article in CitywireUSA.…
You Own Too Much U.S. Equity
Portfolio diversification should include a higher international-stock weighting, maintains an article in Morningstar. Most Americans have a home bias, weighting their portfolios heavily towards U.S. stocks. But foreign stocks can…
CalSTRS Ahead Of Schedule
Due to a surprisingly high return of 27%, the California State Teachers’ Retirement System (CalSTRS) looks on track to hit full funding in 2041, according to an article in Chief…
Validea’s Jack Forehand Interviewed on Resolve Riffs Podcast
Validea’s Jack Forehand joined the Resolve Riffs YouTube show and podcast on November 12th to discuss factor investing and our approach to building quantitative strategies. Topics covered in the discussion…