…before investing. A moderate portfolio with Adviser Investments typically has 76% stocks, 22% bonds, and 2% cash. Wiener is “long-term bullish on equities.” While he says “I don’t think uncertainty…
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AAII Sentiment Survey – A Contrarian Indicator?
…glean more insight at extreme levels” while recognizing it is “far from a perfect market-timing mechanism.” Russolillo also points out that the survey covers “a tiny sliver of the investing…
NYU Prof, Damodaran, on Price vs. Value: Reading Earnings Reports
…demand and is “a function of market mood/sentiment and incremental information about the company.” Accordingly, he says that “investing is about judgments on value . . . and trading is…
Adding an Acceleration Factor to Momentum Investing
…investing by looking at momentum acceleration.” Klement expresses some skepticism regarding momentum investing – “why should prices go up just because they have gone up in the past?” – and…
Rob Arnott of Research Affiliates Says a “Smart-Beta Crash” is “Reasonably Likely”
…while they should be getting bearish.” Unlike smart beta stocks, Arnott says, the traditional value approach to investing is “in its cheapest decile in history.” Whether the cheapness is due…
The Cash Returned On Capital Investment (Croci) Approach to Value Investing
Financial Times reports on the “Croci” approach to value investing, as employed by Deutsche Bank. Croci stands for “cash returned on capital investment.” It is an approach that seeks to…
AQR's Asness on Fama, Momentum Investing and More
Clifford Asness, Managing and Founding Principle of AQR, writes in his “Cliff’s Perspective” blog about Nobel Laureate and Professor Eugene Fama’s views on momentum investing. Asness is a believer in…
Mid Cap Manager's Rules-Based Method Produces Strong Results
…approach to stock-selection from the work of the investing guru James O’Shaughnessy. Last fall, Cornerstone Mid Cap added to its consumer-discretionary holdings, although the managers aim to be well-diversified overall….
The Risk of Investing in "Smart Beta" Funds
Writing in the Wall Street Journal, Jason Zweig cautions readers against blindly investing in popular “smart beta” funds. He notes that a recent Research Affiliates study suggests “their low risk…
Historical Data Suggests Value Strategies Set Up for Big Time Comeback
…of consistent operations, good returns on capital and balance-sheet strength.” Noting that growth investing has outperformed value investing recently, they examine historical data to address the question, “If you have…