Economic Data Can Lead Us Astray

Short-term macroeconomic data can pose challenges for analysis of policy changes, according to an article in Bloomberg. “Every time a new macro data point comes out,” it says, “commentators rush…

The Pitfalls of Back Testing

By Jack Forehand (@practicalquant) —   Active investment managers have a pretty dismal long-term record. Depending on which study you look at somewhere between 80% and 90% of managers underperform their benchmarks…

It's Hard to Predict Bear Markets

A recent Vanguard blog discusses the challenges faced when trying to predict a market downturn. “While all bear markets involve a loss of investor confidence,” it says, “an assortment of…

Profits Up at U.S. Firms

“America’s biggest companies are reporting some of the strongest earnings growth since the recession, boosted by lower tax rates and a robust U.S. economy that is fueling demand across industries.”…

Most Viewed Posts on Validea

Below are links to our most popular posts for this week on Validea’s Guru Investor blog. [1] Could Simple be the New Complex? [2] Value Investor Channels Buffett [3] Swedroe on Factors…

Value Investor Channels Buffett

A recent Barron’s article profiles value investor Fred Copper, lead manager of the Columbia Overseas Valuefund, who has learned that the best way to beat his benchmark (the MSCI EAFE…