The Other Scarcity Problem for Bitcoin Bulls
While Bitcoin scarcity is viewed by many as an advantage over more conventional assets, a recent Bloomberg article points out that as the value of the asset class rises, it…
Value is the Main Reason Quants Have Performed Badly
Researchers at BNP Paribas Asset Management have found that the value factor was to blame for the underperformance of quantitative investing strategies in 2020. This according to a recent article…
When Will the Market’s Expensive Price Levels Matter?
It’s hard to deny that stocks are a bit pricey, but a recent article in CNBC argues “there is plenty of nuance and subjectivity in assessing equity valuations.” The article…
An In Depth Look at Momentum Investing and Trend Following with Jack Vogel (Ep. 69)
There is perhaps no investment factor with more long-term data to support it than momentum. But despite that, its real world usage lags far behind other factors like value. Part…
What is Risk?
By Jack Forehand, CFA (@practicalquant) There might not be a term that is the subject of more debate in the investment industry than risk. If you asked ten different investors to define…
How to Find Value in the Stock Market in 2021
A recent Forbes article offers insights from an interview with M&R Capital Management CEO John Maloney regarding the current market outlook and where investors might find value. Here are some…
As Companies Trounce Earnings Estimates, S&P 500 Profit Recession May End
Although earnings of S&P500 companies are expected to have dipped in the fourth quarter of 2020, those that have already reported have “trounced estimates to such an extent that the…
Some Stock Investors See Dollars Instead of Shares
Whereas purchasing stock once meant figuring out how many shares you could afford, “now you can pay whatever you’re willing to spend, even if that amounts to pocket change,” according…