A recent Forbes article offers insights from an interview with M&R Capital Management CEO John Maloney regarding the current market outlook and where investors might find value. Here are some…
As Companies Trounce Earnings Estimates, S&P 500 Profit Recession May End
Although earnings of S&P500 companies are expected to have dipped in the fourth quarter of 2020, those that have already reported have “trounced estimates to such an extent that the…
Some Stock Investors See Dollars Instead of Shares
Whereas purchasing stock once meant figuring out how many shares you could afford, “now you can pay whatever you’re willing to spend, even if that amounts to pocket change,” according…
Bill Miller’s Market Insights from Q4 Letter
“One of the lessons of 2020 was the uselessness of the annual New Year’s ritual of market forecasting,” wrote Miller Value Partner’s founder Bill Miller in a recent letter to…
2020’s Top Performing Hedge Funds
The hedge fund industry earned $127 billion in 2020, “with some of the biggest firms dominated by human traders racking up record profits.” This according to data from LCH Investments…
What’s Behind the Losing Streak for Value Investors?
In the first of a three-part series for The Washington Post, Bloomberg columnist Nir Kaissar discusses the recent, abysmal performance of value investing strategies. Here are some takeaways from the…
Guru Investor Blog Weekly Highlights: 01/29/2021
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…
The Impact of Intangible Assets on Value Investing (Ep. 68)
Our economy is changing. Gone are the days where the biggest companies require substantial physical assets to operate and grow their businesses. Most of the companies that dominate our economy…
Quants Seeing Record High Correlations
Factor investing strategies, described in a recent Bloomberg article as the “$2 trillion corner of the quant world,” are seeing the highest level of correlations in two decades and are…
The Ins and Outs of SPAC
Unique rights give to early investors in special-purpose acquisition companies (SPACs)—which aim to purchase promising startups and then take them public—if benefiting some of the “biggest players in finance, particularly…