More than 40% of all public companies go on to lose effectively all their value,” writes Morgan Housel in a recent article for the Collaborative Fund. Housel uses the example…
Are Cash Holdings by Fund Managers a Harbinger of Doom?
“When you look at valuations today, to go back to a normal valuation the market would have to fall by more than half,” says fund manager Stephen Yacktman, whose $8.5…
Warren Buffett is the Best Stock Picker
A recent article by Bloomberg columnist Nir Kaissar highlights the investing gifts of billionaire CEO Warren Buffett—who recently released his annual letter to Berkshire Hathaway shareholders. Kaissar underscores how Buffett…
Buffett is Giant Trader of U.S. Treasury Bills
After several years of struggling to find acquisition targets, Berkshire Hathaway has used its growing pile of cash to become one of the world’s largest owners of U.S. Treasury bills.…
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] Hidden Secrets in Warren’s Buffett’s Annual Letter to Shareholders [2] Does High Testosterone Lead…
Does High Testosterone Lead to Low Investing Returns?
New research suggests that aggressive traits in professional investors may translate into lower returns, according to recent article in The Economist. A recent study analyzed over twenty years of data…
Market Insights from Howard "Jay" Bowen
A recent Barron’s article shares market insights gleaned from an interview with Harold “Jay” Bowen, who has overseen the Tampa Fire and Police Pension fund’s extraordinary performance since 2000. Here…
Does Private Equity Beat the Market?
A recent Wall Street Journal article addresses reader comments regarding the uptick in the cash balances held by private equity firms. Below are samples of reader questions and corresponding WSJ…
Inflation and Stock Price Increases Causing Worry
Earlier this month, inflation and interest rate concerns sent stocks into a “historic and nerve-rattling plunge,” but the market rallied shortly thereafter, leading some experts to say that stocks can…
Ritholtz on Hedge Fund Mediocrity
According to Bloomberg columnist Barry Ritholtz, hedge funds are selling public pension funds “an inflated estimate of expected returns,” adding that “it is a challenge to explain why so much…