By Jack Forehand (@practicalquant) There are so many biases that can hurt your returns in investing that it is hard to keep track of them. There is also no shortage…
Morgan Housel on the Biggest Returns
In an article for The Collaborative Fund, Morgan Housel draws a parallel between the energy industry and investing through a discussion of how conservation and efficiency in the former has…
HSBC Report: Treasuries Still a Haven
In a January note, HSBC Holdings PLC analysts wrote that short-dated U.S. Treasuries proved the most resilient asset in times of market turmoil, as evidenced by a study involving 10…
A First: Sam Zell Buys Gold
In an interview with Bloomberg TV, billionaire founder of Equity Group Investments Sam Zell said, “For the first time in my life, I bought gold because it is a good…
Fannie and Freddie Bet Paying Off
An article in The Wall Street Journal reports that increased government rhetoric regarding the possible privatization of mortgage-finance giants Fannie Mae and Freddie Mac has led to a surge in…
Five Methods for Intangible Asset Valuation
An article in CFA Institute argues that intangible assets (non-physical assets such as trademarks, patents, etc.) are “increasingly critical to corporate value, yet current accounting standards make it difficult to…
The Impact of Declining Valuations
The Euclidean.com 2018 Q4 letter discusses the fallout that can occur when there is a “divergence” between the price and value of a company’s shares resulting from investors losing sight…
Buffett's Letter: Shorter and Less Upbeat
An article in Institutional Investor published after the release of Berkshire’s annual letter to shareholders said, “It isn’t what Warren Buffett wrote in his shareholder letter—it’s what he didn’t.” Noting…
High Hopes for Buffett's Annual Letter
A Bloomberg article published prior to the release of this year’s letter to Berkshire Hathaway shareholders notes that Warren Buffett “has provided himself with plenty of fodder—if only he’ll use…
Five Questions: An Advisor’s View of Cryptocurrencies with Tyrone Ross
By Jack Forehand (@practicalquant) — There may not be a more polarizing topic in investing right now than cryptocurrencies. On one side, believers in the technology think it will change…