A recent article in Institutional Investor reveals that “doubts have begun to percolate within the elite investor class” about Seth Klarman’s iconic hedge fund Baupost Group. The article quotes one…
Watch Out if Bond Yields Rise in this Tech Heavy Market
The current, tech-top-heavy market is concerning not just because it relies on a few stocks, but because it relies “on a few very similar stocks.” This according to an article…
Excess Returns, Ep. 42: Why the Stock Market is Near All Time Highs Despite the Major Issues in the Economy
We are currently in one of the most difficult economic environments many of us will see if our lifetimes. Even though the unemployment rate has fallen from its high of…
Stocks Have Room to Run, According to New Valuation Gauge
A new valuation metric suggests that stocks have upside potential “despite being in the midst of the worst economic contraction of the postwar era.” This according to a recent article…
Stock Market’s Rebound Leaves Bears Going Extinct
The short positions of hedge funds have dropped to a 16-year low, reflecting the lowest resistance to rising share prices in 16 years. This according to a recent article in…
The ‘Everything Bubble’ May Not Be a Bubble at All
Investors concerned about market exuberance may have complained for years about the Everything Bubble, but a recent Wall Street Journal article suggests that it may be “in the imagination of…
This Winning Growth Fund Likes PayPal and Autodesk
A recent article in Barron’s highlights Polen Capital, describing the “high conviction, low turnover strategy” it has applied over the last three decades.” “The firm’s flagship Focus Growth strategy has…
A ‘Golden Fool’ Offers a Golden Rule
In a recent article for The Wall Street Journal, columnist Jason Zweig laments how wrong he was five years ago when he characterized gold as “a pet rock,” but still…
The Dangers of the Obvious
By Jack Forehand, CFA Let’s pretend we could turn back time to January 1st of this year. What if I gave you the following series of facts and asked you…
Buffett’s Warning in 2000 Still Relevant
In his letter to Berkshire Hathaway shareholders twenty years ago, Warren Buffett compared investors cashing in on the dot-com bubble crash to party goers at Cinderella’s ball, with a warning…