During his annual “Just Markets” webcast last month, DoubleLine Capital chief investment officer Jeffrey Gundlach called the growth of U.S. national debt a “horrific situation,” likening it to “every household…
Emerging Markets Are a Buy
An article in Fortune reports that, while many including such finance experts as Jeremy Grantham of GMO, Mark Mobius and Rob Arnott of Research Affiliates sing the praises of emerging…
Byron Wien Predicts 15% Rally in S&P in 2019
Blackstone vice chairman Byron Wien said he expects a “major comeback to new highs for the stock market in 2019” according to an article in CNBC.com. In an interview with…
Canada's Warren Buffett: A Profile of Jim Pattison
“There are still lots of opportunities with all the changes going on in the world,” according to Canadian billionaire Jim Pattison, recently profiled by Bloomberg. Canada’s third richest man with…
The Process of Hiring and Firing Portfolio Managers
According to an article in CFA Institute, “The science of evaluating portfolio managers and then determining who to keep and who to send packing is straightforward—or so you would think.…
Factor Timing: Skepticism in Order
A Morningstar article posted last month discusses an “emerging body of research that suggests it is possible to successfully time exposure to factors like value, momentum, small size, quality and…
Could Artificial Intelligence Fix Active Management's Underperformance?
According to an article in Institutional Investor, the attempts by active managers to outperform benchmarks by running concentrated portfolios is being undermined by their efforts to “manage risks by diversifying…
Most Read Posts on Validea's Guru Investor
Below are links to our most popular posts for this week on Validea’s Guru Investor blog.- [1] How Active is Buffett’s Portfolio? [2] Dalio: Conflict Gauge Highest Since WWII [3]…
Five Questions: Private Equity in Public Markets with Brian Chingono
By Jack Forehand (@practicalquant) — There are many misconceptions about private equity investing. Many investors view it as a domain where the rich and institutions earn outsized returns that are not…
Bill Miller Loving Life in the Wilderness
Institutional Investor recently published a profile of former Legg Mason “investing god” Bill Miller, whose career hit a bump in the road after the financial crisis—when his signature fund lost…