…costs associated with momentum investing (typically considered a disadvantage) and, further, that tax efficiencies are about as good as those related to a value strategy. The article notes that although…
Search Results for: investing greats
A To-Do List for Active Managers
…constitute proof that generating excess return is impossible. Instead, it demonstrates that outperforming the market is very difficult, and suggests that most managers follow a flawed approach to investing.” …
Is Value Investing Getting Short-Changed?
A report published last month by investment management firm Research Affiliates, LLC addresses the question of why value investing (a smart-beta strategy using value indicators such as CAPE or price-earnings…
Zweig on the Impact of Index Funds
…of a good thing” could apply. Zweig reports that over the past year $409 billion has flowed into index funds, a class of funds that “slash the costs of investing…
Are the Markets Really Efficient?
Warren Buffett has always been open about his approach to investing, singing the praises of focusing on business fundamentals to find strong stocks at good prices. However, in a recent…
Investing Principles Part V: Buying Small Cap Stocks
In our final installment of discussion of the Tweedy Browne publication What Has Worked In Investing, we’ll take a look at the relative performance of small-cap versus large cap stocks….
Are Value Investors Really "Valuation" Investors?
…irrational stock valuations fail the test of practical advice because they inherently require an unspoken reliance on market timing.” Index investing, says Johnson, relies on both average price-earnings multiples as…
Investing Principles Part IV: Buying Stocks That Have Declined in Price
As our discussion of the Tweedy Browne publication What Has Worked In Investing continues, we’re going to look at the strategy of investing in poorly performing stocks both domestically and…
Investing Principles Part III: Buying Stocks Where the Insiders Are Buying
In a continuation of our discussion around the Tweedy Browne publication What Has Worked In Investing we’re going to address the approach related to investing with the “inner circle” and…
Jack Bogle on the Future of Index Investing
…index investing is “worse than Marxism.” The complaint, Jenkins explains, is based on their belief that passive investing distorts stock prices and the allocation of capital across the country. Bogle…