In a recent Wall Street Journal article, columnist Jason Zweig highlights and questions the fee practices of a Putnam Investment mutual fund, noting that the interests of fund managers and…
Ray Dalio Explains Changing World Order
Billionaire investor Ray Dalio’s upcoming book, “The Changing World Order” attempts to explain how “money, credit and debt work” by sharing his work with historians and political experts to “connect…
The Misuse of Market Valuation
By Jack Forehand, CFA There is perhaps no piece of information that is more misused in equity investing than the valuation of the market. Whether someone has an agenda to show…
Validea Webinar: A live walk-through of the tools & research found on Validea
Learn how investors utilize our guru and factor strategies, model portfolios, stock screens and other stock research and analysis tools on Validea. When: Tuesday, May 12th @ 1pm ESTHost: Justin…
Excess Returns, Ep. 23: The Challenges of Multi-Factor Investing
The basic theory of multi-factor investing is pretty simple. It has been widely proven that factors like value and momentum can outperform the market over long periods of time. But…
CalPERS’ Untimely Tail-Hedge Unwind: The Inside Story
After “cutting its crash-hedging program as part of a cost-curtailment effort and because of a lack of understanding of how tail hedges work,” the California Public Employees’ Retirement System (CalPERS)…
The Reason for Bear Market Rallies
A recent article in Forbes offers perspective on bear market rallies and why they occur, drawing on historical data going back to the 1930’s. “One question I often get from…
The Virus Fight and Wall Street Quants
A “motley crew of quants” is taking the virus fight to a whole new level, according to a recent Bloomberg article. “Hedge fund managers, market academics and risk experts are…
Whether to Wade in or Dive in on Buying Stocks
The question faced by investors interested in buying stocks right now is whether to dip in a toe or dive in headfirst, and the answer depends on market volatility and…
Bonds Versus Stocks: Question Everything You Know
As of the end of March, bonds had outpaced stocks over the last twenty years, according to a recent Bloomberg article by columnist Nir Kaissar. “While everyone was consumed with…