Given the cost associated with placing analysts on the ground in developing countries–“about the only places in the world where investors can get yield right now”– firms are using artificial…
Howard Marks on Why Investors Aren't Worried
In a recent interview with The Wall Street Journal, Oaktree Capital Management co-founder Howard Marks shared insights on the financial markets and the economy. Here are some excerpts: According to…
Five Questions: Hidden Risks in Investing with Corey Hoffstein
By Jack Forehand, CFA (@practicalquant) Investing in the stock market is a risky activity. The obvious risks like losing a large portion of your portfolio during a bear market, or…
TV Ads and Stock Trading
A new study shows that TV commercials can have a real-time effect on investor behavior, according to a recent article in The Wall Street Journal. Researchers found that “TV ads…
U.S. Mega Cap Paradox
Even after 12 years of U.S. mega-cap outperformance, Principal Global Investors argues that the asset class will provide some measure of protection to investors as markets adjust to slower global…
Morningstar: The Importance of Investing Abroad
In a recent interview, Morningstar’s Alex Bryan, director of passive strategies research in North America, offered insights regarding how investors might approach foreign exposure in their portfolios. Here are some…
Winner's Circle of Stock-Fund Managers
A recent article in The Wall Street Journalreports that the publication’s quarterly survey of actively managed U.S.-stock funds shows that “boring can be beautiful. In fact, in the midst of…
Value Stocks Trading Lowest Since Dot-Com Bubble
A recent note from strategists at JPMorgan Chase says that we are seeing “the largest relative valuation bubble in modern equity market history,” with value stocks trading at the most…
Five Questions: Lessons From Finance History with Jamie Catherwood
By Jack Forehand, CFA (@practicalquant) Recency bias can be a major issue for many investors. When we analyze the probability of any event in the market occurring, we tend to…
How History Informs the Valuation Discussion
In a recent article for Fortune, Ben Carlson writes, ”Market valuations are an important input into the investing process. But the relationship between the markets and valuations is far from…