John Paulson, who made billions anticipating the 2008 financial crisis, has decided to “hand his investors’ their cash back and turn his firm into a family office.” This according to…
Eddie Brown’s Fund Outperforms Peers by Picking Great Stocks and Employees
In a recent interview with Barron’s, Brown Capital Management founder Eddie Brown discusses his unconventional career path as well as his firm’s investment philosophy and opinions on women and minorities…
Excess Returns, Ep. 32: Is the Price/Book Ratio Dead?
The Price/Book ratio has probably been the most important valuation ratio of the past century. If you look at the academic research that supports value investing, you won’t find any…
How to Navigate a Stormy Stock Market in 5 Steps
A recent article by New York Times columnist Carl Richards offers investors a road map for riding out today’s market volatility: Give yourself a break: It’s okay to feel “scared…
For Alpha, ESG Isn’t Enough
A new study shows that combining ESG factors with high employee satisfaction leads to outperformance, according to a recent article in Institutional Investor. The study used data from employee-rating site…
Jeffrey Gundlach on Covid and Market Risks
In a recent interview with Yahoo Finance, DoubleLine Capital CEO Jeffrey Gundlach shared a host of insights on market movements, the coronavirus pandemic impact and the outlook for the U.S.…
How A German Business May Have Snookered Berkshire Hathaway & Buffett
Within a few weeks after Berkshire Hathaway purchase of what appeared to be a solid German pipe making business, a whistleblower’s tip ended up uncovering fake sales and profit data…
Man Group: Investors Should Explore the ‘Dark Side’ of ESG
Man Group’s CIO for ESG investing told Institutional Investor that responsible investing based only on avoiding certain stocks is a “narrow-minded way of looking at the world” and could cost…
The Danger of Learning From Your Mistakes
By Jack Forehand, CFA One of the major changes I have made in my life in the past few years is that I have significantly increased my focus on learning. In…
Morningstar Forecasts Strong Economic Recovery over Long Run
According to a recent Morningstar article, the firm’s U.S. Market Index has “come thundering back since its late March nadir and is now down merely 7% year to date, even…