…pick it up. The second is applying the signal more than once a month. A system applied weekly or even daily is less prone to bad timing luck. Over really…
Search Results for: Luck
Robo-Analyst Sifts Through "Happy Talk" on Earnings Calls
…should be a simple concept; Blame—”watch out for ‘bad luck,’ a ‘challenging environment,’ or ‘unexpected situations.’ “ The article uses the example of a recent Starbucks earnings call: “Even as…
Five Questions: Machine Learning in Investing with Kevin Zatloukal
…more on luck since the competitors are more evenly matched. Most of my competitors have similar models to the one I described above, so I’ve had to continue to find…
Five Questions: Private Equity in Public Markets with Brian Chingono
…clear. Their outperformance could easily be attributable to luck. Only about 2% of active mangers generate alpha that appears to be statistically significant, net of fees. Manager skill does not…
Hulbert on Yearly Performance Rankings and What Investors Should Know
…top-rated investment newsletters,” Hulbert says, offering the following supporting data: Hulbert cites several factors that contribute to this “reversal of fortunes:” One-year returns are based primarily on luck, and a…
Jack Bogle’s Legacy: The Cost Matters Hypothesis
…hire a money manager to beat the market (paying fees whether or not they do)—eventually your luck will run out and you will be “overtaken by the law of averages.”…
An Analysis of Buffett's Alpha
…of some the latest research on the drivers of returns.” Their findings illustrate that Buffett’s returns appear to be “neither luck nor magic, but, rather, reward for leveraging cheap, safe,…
Most Read on Validea's Guru Investor
…Pitfalls of Using EV/EBITDA in Valuations [3] Hulbert: Fund Performance is Largely Luck-Driven [4] Pure-Factor ETFs Poised to Shine in Market Downturn ——- Photo: Copyright: arcady31 / 123RF Stock Photo…
Hulbert: Fund Performance is Largely Luck-Driven
…“simply because of bad luck in their timing.” The culprit is volatility, Hulbert argues, describing an experiment conducted by professors Eugene Fama and Ken French to test strategy performance. The…
Buffett and Cooperman Agree Luck is Key to Investing Success
“Whatever success I’ve achieved, I think I’ve achieved it because I’ve been very lucky,” said founder and CEO of Omega Advisors Leon Cooperman in an October interview on CNBC. Cooperman…