“Eager to give the public what it wants, and to keep shareholders from walking out the door with their assets,” some fund providers have begun converting stock mutual funds to…
Academic Research Spotlight: Migration by Eugene Fama and Kenneth French (Ep. 85)
This week, we look at some interesting research that took a unique approach to explaining the value and size premiums. We examine the paper “Migration” by Eugene Fama and Kenneth…
Greenblatt and Pzena on Active Management in 2021
In a recent investing masterclass, longtime friends Joel Greenblatt (Gotham Funds) and Richard Pzena (Pzena Active Management) shared insights on the state of active management and what it means to…
Investors, Don’t Let This Stock Market Magic Trick Fool You
As the one-year mark for fund statements moved past the March 2020 low, returns look like they have surged—but this calendar quirk can mislead the unwitting investor. This according to…
Bernie Madoff Fooled the World
More than a decade after Bernie Madoff was charged with running a Ponzi scheme worth an estimated $65 billion, “we can begin to see the secrets of Madoff’s success,” according…
Weekly Highlights: Avoiding Value Traps, Understanding Bubbles and How Algos Beats Humans in ESG
In our weekly summary of the best posts on the Guru Investor blog, Jack Forehand and Justin Carbonneau discuss the original content we produced and their favorite outside articles we…
Why Founder-Led Companies Outperform
A recent study by professors at Purdue adds to a “growing mountain of evidence of the superior and more lasting performance of companies where the founder still plays a significant…
JPMorgan’s Dimon Says Economic Boom Could ‘Easily’ Last into 2023
In his annual letter to shareholders released earlier this month, JPMorgan CEO Jamie Dimon predicted that the pandemic will end with an economic rebound in the U.S. that lasts into…
Value Investing: There’s More to It Than Low Prices
A recent Morningstar article warns value investors not to overlook profitability, citing Warren Buffett’s advice to purchase good businesses at fair prices rather than weak businesses at bargain prices. “Betting…
Goldman: Humans Beat Algorithms in ESG
Goldman Sachs Group has found that “successful sustainable investment decisions require a human touch that algorithms have so far been unable to match.” This according to a recent article in…