Nygren: Stocks Still Attractive

Have rising bond yields made stocks less attractive? No, says top fund manager Bill Nygren of Oakmark. In his second-quarter client letter, Nygren discusses the “Dividend Discount Model” his firm…

Reese on the Cash Conundrum

In his latest column for Canada’s Globe and Mail, Validea CEO John Reese takes a look at  what happens when investors get to cash happy. Looking at data from Blackrock,…

Fisher: Don't Worry, Keep Buying

Kenneth Fisher says that investors need to stop worrying, and that the bull market is only halfway done. “Scandals in Obama-nation; China’s tepid growth; Europe’s lingering woes; stocks up too…

Is It Skill, or Luck?

Are successful investors good, or just lucky? In a recent interview with Morningstar, Credit Suisse’s Michael Mauboussin says they’re luckier than you think — but still have some skill. Mauboussin,…

Herro: Microeconomics the Key to Growth

While investors have been hyperfocused on macroeconomic factors in recent years, Oakmark’s David Herro says microeconomic reforms are crucial to the global economy and markets. In his second-quarter letter, Herro…