Klarman Warns that Investors are Ignoring Risks
In a private letter to clients, Baupost Group CEO Seth Klarman suggests that, instead of asking themselves why they should sell in today’s market, they should ask whether they can…
Some Thoughts On Improving the Predictive Value of Morningstar's Ratings
By Jack M. Forehand (@practicalquant) — The Wall Street Journal article last week that called into question the predictive value of Morningstar star ratings has caused a lot of debate…
Investing in Both Big & Small Companies: Taking a Look at Market-Cap
By Justin J. Carbonneau (@jjcarbonneau) — Jeff Bezos is now the richest man in the world. He’s achieved this vaunted status is because of the price of the stock and…
Momentum Investing Works Until it Doesn’t
A recent article in InvestmentNews highlights how momentum investing—buying shares of whatever is rising the fastest and selling when these stocks “lose steam”–has been performing well of late. However, the…
Market Could be Reflecting a "Buying Climax"
A Morgan Stanley strategist is seeing signs that the stock market’s current momentum could be waning, according to a recent article in The Wall Street Journal. According to equity strategist…
Hedge Fund Manager Calls Have Less Pull
A recent Bloomberg article takes a look at the influence on share prices caused by the comments of hedge fund “stars” at the industry’s three biggest annual events: Robin Hood,…
Cooperman Says Bear Market Is Not Imminent
On CNBC’s Halftime Report last week, Omega Advisors CEO Leon Cooperman shared his views on the market and its direction. “The market’s not cheap,” Cooperman said, “but it’s not expensive…it’s…
Just Another Stormy Monday? Lessons from Market Disruptions
By John Reese (@guruinvestor) — Thirty years ago, five days after 1987’s infamous Black Monday, Louis Rukeyser shared some calming and timeless words on his evening broadcast of Wall Street…