Bond manager Jeffrey Gundlach says the odds of a recession are lower and advises investors to avoid corporate debt due to a weaker dollar. This according to an article in…
Excess Returns, Episode 5: The Double Edged Sword of Avoiding Value Traps
Many value stocks are cheap because they deserve to be. Some of them no longer have sustainable businesses, and as a result their current discounted multiple will look really expensive…
Peter Lynch on Finding Growth Opportunities in Today’s Market
A recent article in Barron’s offers highlights from a conversation with veteran stock picker and former Magellan Fund manager Peter Lynch. Here are some key points: “After 50 years of…
Buffett Lieutenant Named to Head Berkshire’s Geico Unit
Todd Combs is to become chief executive of Berkshire Hathaway’s car insurer Geico on January 1st, according to a recent article in The Wall Street Journal. “The move marks a…
Global Economy Hooked on Debt Needs More to Revive Growth
As policy makers across the globe face low growth and piles of debt, taking on more debt seems to be the favored strategy to reviving their economies. This according to…
Arnott: Market Shift Coming in 2020
Research Affiliates chairman Rob Arnott sees a major market shift on the horizon that could present a “spectacular “opportunity for value investors. This according to an article in CNBC. In…
The Perils of Market Forecasting
By Jack Forehand (@practicalquant) — It’s that time of year again. The time of year where all the market experts make their 2020 predictions. You will see countless forecasts about…
New Link Between Stocks and Bonds reflects Change in Market
A pattern has emerged over the last decade in which value share performance has increased when the yield curve has steepened, a relationship that represents changes in investor behavior. This…
Excess Returns, Episode 4: Lessons From March For The Fallen
Whether you are training for and participating in a 25+ mile march or are saving and investing for retirement and long-term wealth creation, success requires the right mindset as well…
Shorting is “Scarcely Worth the Bother”
A new study from a group of quants at the Netherlands-based firm Robeco—who examined the respective contributions to performance of both long and short equity positions—found that “the short position…