Deena Friedman manages the Fidelity Select Retailing Portfolio, which has the highest 2015 return among mutual funds. With a return of over 18%, Barron’s notes that her “stock-picking easily outperformed…
Fidelity PM Learns from Value Greats like Buffett, Graham and Klarman
Chuck Myers, who heads the Fidelity Small Cap Discovery Fund, shared some of the lessons he has learned as a value investor at the recent CFA Institute Equity and Valuation…
Investors face a "New Operating Regime," El-Erian Says
Mohamed El-Erian, chief economic advisor of Allianz SE and chairman of President Obama’s Global Development Council, says “[f]inancial markets are now transitioning . . . to a new operating regime.”…
Bogle's Straightforward Formula for Estimating Future Stock Price Returns
The Wall Street Journal’s Money Beat column highlights the value of simplicity in investment prediction models. Profiling work by John C. Bogle, founder of Vanguard Group, that draws on historical…
Stock Market May Not be as Overvalued as Some Believe
Larry Swedroe of Buckingham (independent member of BAM Alliance) says that stocks are not nearly as overvalued as many leading commentators and analysts suggest. He offers six reasons that, he…
Morningstar's Rekenthaler on Modest Market Timing
John Rekenthaler of Morningstar considers the case for modest market timing and concludes that “market-timing can be one of many useful items on an investor’s ‘shelf.'” Reviewing an article by…
Managing Risk in Concentrated Funds
Concentrated investment funds are inherently risky, but that is why a good manager may make all the difference, according to a recent piece in Barron’s. The article profiles several concentrated…
Three Tips from one of Canada's Top Institutional Investors
In a piece titled “How to Invest Like a Canadian,” Fortune Magazine offers three lessons from the Ontario Teachers’ Pension Plan, one of the world’s most successful pension funds. It…
Bond Market Volatility Likely to Continue in 2016
Short and long-dated Treasuries have nearly identical returns this year, with Barclays indices showing 0.71% returns for 1-3 year Treasuries and 0.68% returns on the 20-year-plus index. Expectations that the…
Dollar Could Weaken Even As Fed Embarks on Rate Hiking Cycle
The rationale for predictions of continuing strength in the dollar are well-known but may be wrong, writes Ben Levisohn for Barron’s. Fundstrat strategist Thomas Lee looked at the last 11…