A nearly unprecedented rally in China’s equity market earlier this month added more than $460 billion to share values and helped “lift global stocks to a one-month high.” This according…
What the Active vs. Passive Debate is Missing
As the active versus passive debate continues, relative performance is only a small part of the discussion according to a recent CFA Institute article that outlines three questions that both…
Study Finds that Money Can Buy Happiness
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…