By “considering many ideas over a wide range of disciplines,” we can become smarter investors. This according to Robert Hagstrom, author, CIO and senior portfolio manager at EquityCompass, as reported…
Active Management's 'Genetic Defect'
“Active managers can produce persistent excess returns when it comes to their best ideas—but they only devote half of their capital to these investments,” according to a recent article in…
Citadel's Ken Griffin Could Sell Some Business
Billionaire hedge fund founder Ken Griffin might be shopping a piece of his growing hedge fund business, according to a recent article in Crain’s. The article reports that the industry…
The Facts About Buybacks
By Jack Forehand, CFA (@practicalquant) There might not be a more controversial topic right now in investing than stock buybacks. The debate over buybacks, which started out as a debate…
Were Market Gurus Accurate about Recent Predictions?
At the start of 2019, BAM Alliance director of research Larry Swedroe outlined a list of predictions–made by various market experts and investors–to identify a consensus of “sure things” that…
A London Gathering—and Reckoning--for Value Investors
A recent article in Bloomberg offers insights on the outlook for value investing, highlighting a recent talk given at a London conference by Inigo Fraser Jenkins, head of quantitative strategy…
Five Questions: Tackling Some of the Toughest Questions in Investing with Michael Mauboussin
By Jack Forehand, CFA (@practicalquant) There are many skills that can benefit you as an investor. Being smart is certainly an asset, although it can also get you in trouble…
Commentary: Smart Beta vs. Alpha-Beta Combination
A recent article in CFA Institute suggests ways to combine alpha and beta factor strategies to create a “simple and clean equity portfolio” that offsets some of the “innate human…
Berkshire Stakeholder Sells Stock
Longtime Berkshire stockholder David Rolfe, chief investment officer at Wedgewood Partners, wrote in his third-quarter letter to clients that he’s fed up with Berkshire Hathaway’s lackluster investments and missed opportunities…
Joel Greenblatt Defends Value Investing
In a recent interview with The Wall Street Journal, Joel Greenblatt—described as “maybe the best-known value investor this side of Warren Buffett,” shared insights on the subject of value investing…