A recent study shows that, when rates are low, investors’ appetite for risk “increases beyond what seems logical,” according to an article in The Wall Street Journal. The article argues…
Evaluating Luck or Skill in a Stock Picker
Investors choose fund managers based on their performance, says a recent article in The Wall Street Journal, but being able to evaluate stock picking skill is extremely tough. This is…
Focus on Fundamentals Rather than "Expert" Forecasts
By John Reese (@guruinvestor) — American philosopher and educator Nicholas Murray Butler once said, ” An expert is one who knows more and more about less and less until he…
BlackRock's Ang Favors Momentum
In a recent interview with Barron’s, BlackRock’s head of factor investing Andrew Ang said he favors momentum stocks. Here are some highlights from the interview: While Ang does not believe…
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 Two Most Important Investing Decisions [2] Systematic Selling Helps Keep Emotions In…
Yale Endowment Learns Lesson on Diversification
Strong long-term performance has made the Yale University endowment fund—with a mere 4% weighting in U.S. stocks and heavy allocations to alternative investments– the widely accepted diversification model, according to…
Bill Miller is Working Toward a Comeback
During his 30 plus-year tenure at Legg Mason, Bill Miller was considered a go-to manager for market beating returns, says a recent article in The Washington Post. “And his fall…
Artificial Intelligence Moving into Mutual Funds
Artificial intelligence, which has been used by institutional investors for some time, is now making its way to individual investors as well. This according to a recent article in The…
Schwab Chief Strategist Warns of Market Headwinds in 2018
In a recent CNBC interview, Charles Schwab chief strategist Liz Ann Sonders warns investors to expect more headwinds given that the economy and the markets are in the late stages…
The Two Most Important Investing Decisions
By Jack M. Forehand (@practicalquant) — There are so many interesting things to debate in investing. The active vs. passive debate has been the subject of more articles than I…