…impressive. Birinyi also says the current market “has the characteristics of a long-duration, secular bull market (low multiples, excessive negative attitudes, strong start)”, and thinks the bull run will last…
Search Results for: low-volatility funds
Study: Lower-Risk Can Mean Higher Reward
…of their money.” The paper is entitled “Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly,” and was written by Malcom Baker of Harvard Business School, Brendan Bradley of Acadian…
Royce Sticks with Small Caps
…talks with WealthTrack’s Consuelo Mack about how he constructs his small-cap-focused portfolios to limit volatility while producing strong performance, and discusses why he thinks the small-cap sector is an “evergreen…
Nygren: Growth & Value Not an Either/Or
…applying our price discipline moves us away from growth. As the price for growth declines, our discipline moves us toward higher-growth businesses.” Nygren also discusses some of his funds’ holdings,…
Study: Average Investors Have Bad Timing
…Institute, and Gregg Fisher of the investment firm Gerstein Fisher. They examined net investor cash flows for 25,000 mutual funds over the 15-year period ending October 2010. Their findings: The…
Paulson Bullish on Equities, Economy
…part of the cycle where we want to have long event exposure and do not want to be under-invested.” (Paulson Funds’ emphasis; a tip of the cap to Zero Hedge…
Gross: "Exorcise" Treasuries from Portfolios
With the U.S. and many other governments giving bondholders and savers “haircuts” by keeping real interest rates so low, PIMCO’s Bill Gross says it may be time to for investors…
Yacktman Sees Shift to Higher-Quality Stocks Coming
…an environment in which “top performing stocks were generally lower quality, with cyclical, commodity, and industrial related shares, as well as more speculative small and mid‐cap stocks leading the rally.”…
Muhlenkamp "Near Fully Invested"
…finding the best values in “large, international companies (usually U.S. based) with rock-solid balance sheets and healthy cash flow”. Muhlenkamp’s quarterly memorandum also offers a question & answer segment in…
Winters, Biggs on Where the Market Is Headed
Two top money managers, David Winters and Barton Biggs, are sounding bullish on U.S. stocks. Winters, whose mutual funds have excellent long-term track records, told Bloomberg that benchmark indexes may…