A recent paper based on analysis by Research Affiliates shows that once research data is analyzed outside the original sample period, about half the factors were “not robust,” according to…
A Dinner with Charlie Munger
In an article for The Wall Street Journal, columnist Jason Zweig recounted a dinner with Berkshire Hathaway vice chairman Charlie Munger. Describing Warren Buffett’s 95 year-old business partner as a…
Validea’s Justin Carbonneau on the Acquirer’s Multiple Podcast
Last week Validea Partner Justin Carbonneau was interviewed by Tobias Carlisle on the Acquirer’s Multiple Podcast. Toby and Justin discuss Validea and our approach to investing, as well as a…
Stocks That Pay Dividends Can Carry Risk
While investors searching for yield may gravitate to dividend-paying stocks, several strategists say that paying too much could be risky. This according to an article in The New York Times.…
Individual Investors May Not Be "Dumb Money" After All
In a recent article for The Wall Street Journal, columnist Jason Zweig writes, “Bit by bit, the myth of the ‘dumb money’ is dying.” Although Wall Street has long characterized…
ValueAct's Jeff Ubben on the State of Activism
In a recent interview with CNBC, ValueAct Capital co-founder and CEO Jeffrey Ubben talked about the state of activism investing and shares some general market insights. Here are some highlights…
Quiet Collaboration at Berkshire Hathaway
The environment at Berkshire Hathaway has changed from one where myriad companies run independently of each other to one where top executives of the different units gather regularly to share…
Joel Greenblatt Talks Value Investing, Investor Emotions and his Magic Formula
In a recent Masters in Business podcast interview with Bloomberg columnist Barry Ritholtz, investor, professor, author and co-chief investment officer of Gotham Asset Management Joel Greenblatt talks about his early…
Five More Questions: Factor Investing with Jim O’Shaughnessy
By Jack Forehand, CFA (@practicalquant) This is Part II of my interview with Jim O’Shaughnessy. If you missed Part I, you can find it here. In part II, we talk…
Investors in Giant Mutual Fund Represent Over One Third of China's Population
Despite regulatory pressure to reign it in, the world’s biggest money market fund –overseen by China’s Ant Financial Services Group– gained an additional 114 million investors last year, bringing its…