An Analysis of Buffett's Alpha
A 2018 paper published in the Financial Analyst’s Journal analyzes the alpha created by Warren Buffett’s Berkshire Hathaway. The introduction, by authors Andrea Frazzini, David Kabiller, and Lasse Heje Pedersen…
Persistence Results, But Not Really
Even though most people in the investment world are consistently told that past performance is not indicative of future results, some claims regarding performance of private equity firms can be…
Goldman's Bear Market Indicator Signaling Zero Returns Over Coming 12 Months
Goldman Sachs’ bear market prediction metric is at 73 percent, the highest level since the late 1960s and early 1970s, according to a CNBC.com article. The elevated level has historically…
Paul Tudor Jones: Global Debt Overload Will Lead to "Scary Moments"
Billionaire hedge fund manager Paul Tudor Jones says the world has too much debt, a situation that could lead to “trouble across markets and asset classes,” according to an article…
McKinsey: Gap Widening Between Best and Worst Asset Managers
McKinsey & Co.’s annual review of the North American asset management industry (published in November) shows that in 2017, “managers in the top quartile grew revenue by 21 percent versus…
Hedge Fund Manager Steve Cohen Predicts Next Bear Market
During a talk last month in Manhattan, billionaire Steve Cohen said a bear market is coming within the next eighteen months to two years, according to an article in Fortune.…
Ron Baron: Stocks Will Double in Next Ten Years
In November, the founder of Baron Capital made headlines by declaring that the stock market would double in 10 years, according to an article in Barron’s. The article also notes,…
Study Finds Key to M&A Value
An article in Barron’s discusses the findings of a new study by Harvard Business School doctoral candidate Matthew Schaffer that explores the usefulness of independent valuation experts in acquisitions. Based…