…on financials. “For the value managers who owned, say, AIG, Lehman Brothers, Bear Stearns, Washington Mutual and on down the list, all of those are permanent losses of capital,” he…
Search Results for: value
A Little Consistency, Please
…interesting to focus on a quality valued by several of the gurus I follow: earnings consistency, or earnings persistence. Many stock analysts use an earnings growth rate calculation to try…
Kass Turning Bullish?
…book value stand at 1x, well below the 1.4x long-term average. The market capitalization of U.S. stocks vs. stated GDP has dropped dramatically, to about 80%, now at the long-term…
Grantham: There's Risk in Value -- and in Buy-and-Hold
Jeremy Grantham has released the second half of his fourth-quarter 2008 letter on GMO’s website, and in it he offers several intriguing points about why value investors got hit hard…
Growth vs. Value: Does It Matter Anymore?
…argue that the growth/value debate is no longer the critical question it once was. Robert Froehlich, chief investment strategist for DWS Investments at Deutsche Bank, says that growth and value…
Tilson on Cognitive Dissonance, and a Shift in Strategy
…believe there has been forced selling or there are specific upside catalysts that could help offset challenges to near-term operating results.” What is his firm selling? More traditional, low-price/earnings value…
Hulbert: Graham's Approach Endures
…when the overleveraging of corporate America began to build, skewing relative value assessments (just ask Jeremy Grantham). “In response, value managers simply relaxed their definition of value,” Hulbert writes. “No…
Hot List: How to Combine Strategies to Minimize Risk, Maximize Returns
…simplest example would be growth stocks and value stocks. When growth stocks are in favor, value stocks tend to be out of favor; when growth stocks are out of favor,…
Tilson & Heins: Look for Safer Buys in this Market
…combine solid potential for appreciation with strong protection against further trouble.” Using value-oriented criteria such as the ratio of enterprise value to sales (enterprise value is stock-market value plus outstanding…
Dreman & Dividends: Finding Value in The Market's Unloved
…a ten-foot pole is difficult, especially in markets like this. But most good value investors, including Warren Buffett, David Dreman, John Neff and others use strategies to uncover value where…