“A fundamental shift in market structure towards rules-based, passive investing over the past decade means a lot of trading is no longer based on fundamentals” and the shift could lead…
Volatility Presents Hidden Risk to Hedge Fund Returns
According to recent research from Robeco Asset Management’s David Blitz: “hedge funds have hitched their wagon to stocks with large equity-price swings—a misguided strategy over the long haul.” These findings…
Investors Punishing Earnings Misses the Most Since 2016
An article in Bloomberg reports that investors are penalizing earnings misses more than surprises by the widest margin in almost 2 years. Data gathered by Bank of America Corp. showed…
Hulbert: Bitcoin Will Never Replace Gold
In an article for Barron’s, Mark Hulbert outlines the findings published in a paper by University of Chicago economics professor Eric Budish titled, “The Economic Limits of Bitcoin and the…
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] The Benefits of the Other Side [2] Hussman Predicts Sharp Stock Market Plunge [3] These…
These Hedge Funds Don't Want You
Some of the world’s best hedge funds are available only to employees, early clients and a “few lucky others, part of an effort to limit their size and keep them …
Hussman Predicts Sharp Stock Market Plunge
John Hussman, president of Hussman Investment Trust, predicts that the end of the current economic cycle will result in market losses of approximately 64% for the S&P 500 and 69%…
Swedroe on What Makes Factors Last
In an article on ETF.com, BAM Alliance research director Larry Swedroe discussed issues related to factor investing, the potential problems with research around it, and the criteria he believes must…
Be Cautious of Mutual Funds Run by Hedge-Fund Managers
A recent study has found that “mutual fund managers who also run hedge funds significantly underperform their mutual fund peers,” according to an article in Barron’s. The article cites comments…
How Did Berkshire Hathaway Look in 1975?
A recent Morningstar article offers an overview of Berkshire Hathaway stock performance since 1975 and whether it would have been attractive to an investor in the early days based on…