Quants Searching for Alpha in Exotic Corners of Market
“The search for elusive alpha is sending a handful of computer-driven hedge funds trawling the remotest corners of financial markets,” according to an article in Bloomberg. A subset of these so-called…
Buffett Repurchases Over $900 Million in Berkshire Stock
An article in The Wall Street Journal reports that Berkshire Hathaway repurchased $928 million in stock in the third quarter of 2018, calling it a rare move that indicated Chairman…
Grantham on Why the S&P Melt-Up to 3,600 Didn't Happen
In a memo in January of this year, GMO founder Jeremy Grantham suggested to clients that they “brace themselves for a near-term melt-up in stock prices that might take the…
Ian Cassel: Investing is Hard
At the Smallcap Discoveries Private Investor Conference in October, Ian Cassel presented a talk entitled, “Investing is Hard.” He opened his talk with several interesting case studies, featuring companies such…
Jeremy Siegel Says Stock Market Slips are not Cause for Panic
In a podcast on the Knowledge@Wharton radio show, finance professor Jeremy Siegel shared insights on the markets and the key drivers for change in sentiment. On a macro level, Siegel…
Biology Key to Surviving Adaptive Markets, Says Lo
MIT finance professor Andrew Lo believes that there are factors that influence market movements in addition to those outlined in the efficient market hypothesis, according to an article in CFA…
Oaktree's Marks: Recession Isn't Imminent
Although he sees no signs of an impending U.S. recession, Oaktree Capital co-founder Howard Marks believes it’s time to “adopt a cautious investment strategy,” according to an article in Bloomberg.…
The Benefits of Base Rates
By Jack Forehand (@practicalquant) — Wall Street prediction season is upon us. It is the time of year when all the major investment banks and market pundits will issue their 2019…