Have you ever heard a song that jogs a strong memory, motivates you in a powerful way or makes you think about things you wouldn’t otherwise consider? This happened to…
Excess Returns, Ep. 25: An In Depth Look at Momentum Investing
Momentum investing is difficult to understand for many investors. While a concept like value that involves trying to buy stocks at a discount to what they are worth resonates with…
Investment Strategy Too Good to Be True? Take Closer Look.
A recent CFA Institute article tested a theory (shared by a large investment management firm) that a portfolio invested 51% in the S&P 500 could yield the same returns as…
Top Value Managers Share Stock Ideas
A recent article in Barron’s shares insights from top value managers who during a virtual meeting earlier this month said they have been “snapping up a wide-range of stocks during…
Why Stocks Owned by Passive Funds Did Worse in Selloff
A study conducted by the investment firm Leuthold Group found that stock sectors with the heaviest level of passive ownership fell more than the broad market during this year’s selloff.…
Wall Street Legends Sounding Alarm on Stocks
“The biggest names in finance are coming around to a view that seemed unlikely a few weeks ago: Stocks are vastly overvalued.” This according to a recent Bloomberg article. The…
The Case For Value Stocks
By Jack Forehand, CFA One of the biggest lessons I have learned in my investing career is the importance of being able to argue the other side of something I…
Market Is Not Overvalued, Says Bill Miller
Miller Value Partners founder Bill Miller does not see the market as overvalued, according to a recent CNBC article. “If you look at the overall market,” Miller said, “we’re trading…
Howard Marks Says Distress Coming, Fed Support Isn’t Forever
Oaktree Capital co-chairman Howard Marks says that while the Fed’s efforts have bolstered debt prices, the support is temporary and credit markets will become distressed when the Fed support lets…
Hedge Fund Managers’ Best Ideas Not Better Than Others
A new study of the stock-picking results of nearly 1,500 hedge funds over a 20-year period found that managers’ highest-conviction ideas are not necessarily better than any others. This according…