Tech stocks recently reached a record high after rebounding from their March low, according to a recent Bloomberg article that adds, “The stock market is not the economy, but it…
SEC’s Proposed Reporting Change Draws Scrutiny
The Securities and Exchange Commission has proposed a reduction in the number of firms required to disclose their U.S. equity-related securities by almost 90 percent, a move that “drew criticism…
Excess Returns, Ep. 34: The Danger of Learning From Your Mistakes
The process of learning from your mistakes is an important part of improving yourself over time both as an investor and as a person. But it requires that you learn…
Active Underperforms Passive on Risk-Adjusted Basis
A recent article in Advisor Perspectives outlines new research findings showing that actively managed funds underperform their benchmarks on a risk-adjusted as well as an absolute basis, and the findings…
Nearly Half of Berkshire Portfolio in a Single Stock
Berkshire Hathaway chairman Warren Buffett, who for decades avoided tech stocks, has steered his firm heavily into the industry with 43% of the firm’s portfolio now represented by Apple stock…
Big Warning from Professor Whose Formula Predicts Bankruptcies
This year’s run of “mega” bankruptcies has just begun, says NYU professor Edward Altman, creator of one of the best-known formulas for predicting corporate insolvencies. This according to a recent…
Berkshire Hathaway Share Count Reduction Might Suggest Buybacks
Berkshire Hathaway’s recent 1.2% share count reduction suggests that chairman Warren Buffett might be leaning toward a more aggressive share buyback of the conglomerate’s underperforming stock. This according to a…
Shiller's Perspective on the Pandemic Stock Market
In a recent article for Advisor Perspectives, Nobel laureate Robert Shiller discusses the recent, confoundingly positive performance of the stock market against a backdrop of negative news. Shiller writes, “At…
“Godfather” of Smart Beta Talks Emerging Markets and “Maverick Risk”
Rob Arnott advises clients to put as much into emerging markets value stocks as they’re comfortable with. “For most,” he says, “that’s a 5%-10% allocation, and that’s enough to move…
Eight Timeless Buffett Contributions That Go Beyond Returns & Bind Shareholders
In last week’s article, I discussed Warren Buffett’s recent and long-term track record and how Berkshire shareholders have remained committed to him even though he has trailed the market in…