For the first in a three-part article series, Morningstar used its database to “dig into the current spell of underperformance for value funds” by analyzing the historical landscape, putting recent…
Small-Cap Value Stocks May Be Worth the Wait
According to a recent article in Barron’s, “academics have found that small-value stocks beat more popular growth ones if you can wait out the fallow periods.” “One of the most…
Why Value Has Been Lagging Growth
Amidst continued speculation that the value strategy is dead, asset manager Dimensional Fund Advisors argued that its growth performance that has been abnormally high relative to historical levels. This according…
Investing Lessons from the Best Poker Players
Researchers on game theory say that poker strategies can translate into lessons for investors, according to a recent article in The Wall Street Journal. Carnegie Mellon professor of philosophy Kevin…
Testing the Buy-and-Hold Gospel
A recent Wall Street Journal article by columnist Jason Zweig dispels myths regarding history’s market crashes and offers insights regarding how they relate to today’s market and to a “buy-and-hold”…
Ed Yardeni on Lifestyle of the Rich & Famous President
In a recent posting on Yardeni.com, Ed Yardeni outlines some factors contributing to the current economic climate. “In my opinion,” he writes, “consumers are doing what they do best because…
A Framework to Evaluate Value Strategies
By Jack Forehand, CFA (@practicalquant) Earlier this year, I wrote about the mechanics of value investing and the many decisions that go into building value portfolios. Many investors believe that…
After 2,600% Gain, Epic Run Fizzles
Philippine money manager Wilson Sy says his strategy of betting on lesser-known companies outside his benchmark index has been upended by the flood of cash into passive index funds, a…
Dividends Can Help When Value Trails Growth
Dividend stocks maybe help “narrow the performance gap for a value investor,” according to a recent article in Barron’s. But the article adds, “whether a company pays a dividend isn’t…
Who Needs a Hedge Fund? Not Jeffrey Vinik
After relaunching Vinik Asset Management earlier this year (it was closed in 2013), Jeffrey Vinik found that it was much harder to raise money than he anticipated, according to a…