…“Profit margins are incredibly high,” he explained, “so you end up with P/E ratios that we think probably understate the true degree of overvaluation.” Skip Aylesworth of Hennenessy Funds seems…
Search Results for: low-volatility funds
Study: Smaller Hedge Funds Beat Largest Funds by Wide Margin
Nick Motson and a colleague from City University London recently concluded that small hedge funds outperformed large hedge funds on average over the 20-year period 1995-2014. The smallest hedge…
Profitably Switching In and Out of Small-Cap Stocks
Joe Mezrich, strategist with Normura securities, and colleague Adam Gould have shown that three factors correspond with small-cap performance: low price-to-sales cost relative to large stocks; economic uncertainty (reflected…
Working through the Pain for the Best Long Term Gain
…. we buy more stock funds near the top price and sell more near the bottom.” Bucking this tendency, Roth writes, requires “working through the pain.” He suggests: “if we…
Learning from Swensen's Success at Yale
…with funds run by successful active managers. Each of these possible lessons, however, comes with a set of caveats that may be the equivalent of “don’t try this at home.”…
Fed Rate Hike Could Cause Market "Accident" Says DoubleLine Exec
…. At some point there are going to be some bargains out there, but we’re not stepping into that now.” She pointed to closed-end bond funds as a good alternative….
Long Term Champ Sequoia Fund Shows the Risk of Ultra High Portfolio Concentration
…investors should have widely diversified portfolios. Academic work supports the assertion that less-diversified mutual funds had better performance, on average, than the most diversified actively managed funds. However, as Mark…
5 Signs of a Surviving Bull Market, Says Schwab’s Sonders
Liz Ann Sonders, chief investment strategist with Schwab, believes the bull market will continue. She points to: The lack of new net inflows into equity mutual funds (unprecedented in a…
Two Types of Investing Inside Baupost, One of the World's Most Successful Funds
…multiple years of strong profitability.” The approach appears successful. With net gains of $23.4 billion since its 1982 inception, the Baupost is ranked among the world’s top-performing funds. Spector points…
Top Manager Borrowing From the Peter Lynch Playbook
…ago, Sullivan caught Lynch’s eye and was offered a permanent position with Fidelity. He turned it down, but his approach to managing Putnam funds includes elements that suggest he learned…