Earlier this month, Appaloosa Management founder David Tepper told CNBC that it’s very difficult to be bearish on stocks right now and said he believes rates should stabilize in the…
Questions from Robinhood Trader Reveal “Uninformed Equity-Market Participant”
Researchers at Oklahoma State and Emory University have found that “the popularity of zero-commission brokers has attracted a new type of uninformed equity-market participant that in aggregate has negative effects…
Rafael Resendes On Intrinsic Value, Economic Margin and How Some Value Models Have Lost Their Way (EP. 78)
Systematic value strategies have had one of the worst performing periods in their history in the past decade. This extended underperformance, coupled with changes in the market and economy that…
The Five Horsemen of Valuation Ratios
No, this isn’t an article about pro wrestling, Ric Flair and his sidekicks. Rather, it’s an introductory piece on the different ratios used to assess whether or not a stock…
After Thirteen Years, Buffett’s Investment in Obscure Chinese Automaker is Paying Off
The release of Berkshire Hathaway’s 2020 earnings report earlier this month shed light on how “one of Buffett’s boldest bets to date” —on Chinese automaker BYD” — is “paying huge…
The Great Value Rotation and the Strategy’s Evolution
Many market pundits and value investing advocates believe that value stocks are in line to reverse their long patch of underperformance, fueling a renewed debate about the strategy’s future that…
Bill Nygren Talks Two Markets
In an interview with CNBC earlier this month, Oakmark CIO Bill Nygren described what he sees at two different markets at work. “There’s a speculative part of the market,” that…
Dalio Says It’s Time to Buy Amid “Stupid” Bond Economics
Bridgewater founder Ray Dalio, who openly disdains holding cash amid a rising money supply and inflation risk, says bonds and other U.S. dollar-denominated assets may also be a bad bet.…
Dan Fuss on Re-Engineering a 60/40 Portfolio
In today’s rising interest rate environment, Loomis Sayles Vice Chairman Dan Fuss says he would tilt the stock-bond mix toward equities. This according to a recent article in Financial Advisor…
What Has Really Driven the Rebound in Value Stocks? (Ep. 77)
There is a popular narrative out there that value investing is back. And it makes sense given the huge run that many value funds have had off the market bottom.…