A new study has found that, for people over 30, “the correlation between income and happiness has steadily risen over the years.” This according to an article in The Seattle…
Hulbert: Are “Irrationally Exuberant” Stock Investors Back?
Although there are rumblings that the market is approaching another period of “irrational exuberance,” a recent Wall Street Journal article by Mark Hulbert argues that a “close look at the…
Excess Returns, Ep. 33: Active Value Investing in a Changing World with Vitaliy Katsenelson
In this episode we are joined by Vitaliy Katsenelson. Vitaliy is the author of the popular Contrarian Edge blog and the CEO of investment firm IMA. As quantitative investors, we…
Jeremy Siegel on What it Takes for a 30,000 Dow
In a recent interview with CNBC, Wharton professor Jeremy Siegel outlined the conditions he believes are required for the Dow to reach 30,000 by the end of this year. The…
The Value Investing Strategy in Recessions and Recoveries
A recent paper by Research Affiliates highlights parallels among six bear markets in the U.S. that were accompanied by recessions to “improve our understanding of their unique risks and opportunities.”…
Has Warren Buffett Lost his Touch? Berkshire Underperformance Triggers Questions
“Some longtime Buffett watchers argue that it is time to fundamentally rethink Berkshire’s mix of businesses and investments” due to the conglomerate’s worst performance versus the S&P 500 in a…
Morningstar: Value Investors Facing a “Great Opportunity”
Dan Kemp, the CIO of Morningstar’s EMEA division, sees opportunity for value investors and disagrees with the consensus that the coronavirus crisis favors growth strategies, according to a recent article…
Only Sell Your Stocks in These Cases
A recent Fortune article by Ben Carlson of Ritholtz Wealth Management offers investors valuable insights regarding how and when it might be appropriate to sell. “Those who actually sold a…
Is the “Smart Money” Worth Following?
Even though options trading may be a strong predictor of stock returns, researchers warn investors to be wary of “trying to profit from the unusual options activity regularly covered by…
Buffett’s Disappearing Alpha – Why It Doesn’t Really Matter
Warren Buffett has one of the greatest long-term investing track records of all time. The chart below shows the excess return (y-axis) over the market of some of history’s best…