As of the end of April, assets in passive domestic stock funds reached the level of those held by active managers–$4.3 trillion. This according to an article in Institutional Investor.…
Ray Dalio: Risky Days Ahead in U.S.-China Trade War
Billionaire investor Ray Dalio, founder of Bridgewater Associates, said that he sees the tension between the U.S and China as more than a trade war, adding that more stringent export…
Jim Stack: Market Insights from Montana
A recent article in Barron’s shares market insights from Jim Stack, a Montana-based financial advisor whose money management firm is known for its “willingness to reduce stock exposure when markets…
Short Seller is Betting on Market Crash
In a recent interview with Bloomberg, Horseman Capital’s Russell Clark discussed his long career of being a contrarian and how, “with resolve virtually unheard of in the industry, he’s been…
Silicon Valley Startups Not Convincing Wall Street
The startups being delivered by Silicon Valley aren’t impressing Wall Street, according to a recent article in The Wall Street Journal. The article reports that over the past five years,…
Is Warren Buffett the Greatest Factor Investor?
An article in CFA Institute offers an overview of how Buffett’s Berkshire Hathaway has avoided many of the major pitfalls suffered by other “star” investors and how, from a factor-investing…
Forecasters are Usually Wrong, But Foxes Are Better At It
A provocative article in The Atlantic highlights the unsuccessful track record of “expert” forecasters, regardless of their area of specialty or level of experience. However, the article points out that…
Buybacks Not Likely to Slow Down
Market volatility is not likely to slow down the pace of share buybacks by U.S. companies, according to a recent article in The Wall Street Journal. According to S&P Dow…
GMO: Investor Strategies are Solving the "Wrong Problem"
A recent GMO client letter urges investors to “stop obsessing over their portfolios and pay more attention to factors beyond their holdings that are more difficult to measure” or risk…
What Quant Value Models Can and Can't Do for You
By Justin Carbonneau (@jjcarbonneau) – Two weeks ago I wrote an article, Differences in Value, where I outlined the various criteria (i.e. price-to-sales, price-to-book, and enterprise value-to-EBIT) used in the…