By John Reese (@guruinvestor) — Is it better to be lucky or smart? When it comes to investing, I think we can all agree that success arises from a combination…
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] Focus on Fundamentals Rather than “Expert” Forecasts [2] The Dangers of Data [3] Goldman Sachs: High…
The Buyback Binge is Ending
The market is seeing an end to the era of share buybacks to “one where capital spending matters,” according to a recent article in Barron’s. Companies in the S&P 500,…
Goldman Sachs: High Valuations Mean Pain is Coming
The current environment in which stocks, bonds and credit have been expensive at the same time—a situation last seen in the 1920’s and 1950’s–will eventually bring “pain for investors,” according…
Undervalued Value Stocks Could Rebound
This year has seen the largest divergence between the valuations of growth and value stocks since the dot-com bubble, according to a recent article in The Wall Street Journal. This,…
Byron Wien on Potential Upsets to Economy
In a recent article for Barron’s, Blackstone Advisory Partners vice chairman Byron Wien shares his insights regarding factors that could potentially upset the economy. Giving an overview of the global…
The Dangers of Data
By Jack M. Forehand, CFA (@practicalquant) — “If you torture the data long enough, it will confess.” – Ronald Coase “He uses statistics as a drunken man uses lamp posts—for…
Soc Gen Says Time is Right for China Stocks and Emerging Bonds
Strategists at Societe Generale, who identify market timing signals using quantitative models, believe it’s time to reduce allocations in global equities “as dwindling expected returns indicate the end of the…
Vanguard Expects Low Market Returns
Economists at the Vanguard Group think stocks will continue to grow, but at a lower rate of return in the medium term (of between 4% and 6%), with U.S. stocks…
Microcap Fund Shows Big Gains
After stints in the Peace Corps, Wall Street, various banks and Harvard Business School, Daniel Chace joined Wasatch Advisors as an analyst in 2002 before becoming manager of the firm’s…