…March 23 market low, “funds were feverishly trying to navigate the uncertainty.” Even without the added volatility, however, the article points out the limited usefulness of the 13F statements: The…
Search Results for: low-volatility funds
Investment Strategy Too Good to Be True? Take Closer Look.
…one that is 100% invested in the index. “In other words, the strategy delivers the same portfolio return at only half the volatility.” The article notes: “At a time when…
Top Value Managers Share Stock Ideas
…the coronavirus-induced volatility.” Most of the seven managers—including Gamco’s Mario Gabelli, Bill Miller and Ariel co-CEO John Rogers, Jr.—said they expect the Dow to rise in 12 months although the…
Why Stocks Owned by Passive Funds Did Worse in Selloff
…This according to a recent article in The Wall Street Journal. “The question is whether this says something about how index funds perform in a crisis, compared with actively managed…
Wall Street Legends Sounding Alarm on Stocks
…and shorting commercial real estate. Bill Miller was quoted as saying, “After being up about 30% from the low on March 23, I would think a pause and some consolidation…
The Case For Value Stocks
…follow people who tell us what we want to hear. It makes us avoid those who disagree with us or to dismiss their arguments quickly. I have written over 100…
Hedge Fund Managers’ Best Ideas Not Better Than Others
A new study of the stock-picking results of nearly 1,500 hedge funds over a 20-year period found that managers’ highest-conviction ideas are not necessarily better than any others. This according…
The Pandemic Impact on Berkshire Hathaway
…impacted in three ways: The low interest rate environment “opens up refinancing funding opportunities” but should also result in lower yields on cash holdings. Increased volatility in equity and credit…
Excess Returns, Ep. 24: The Pros and Cons of Factor Timing
We are all trained to buy low and sell high, and it is tempting to conclude that we can do the same thing with factors. But the research suggests that…
Small Caps’ Collapse and What’s Behind It
…the opportunity to distinguish themselves but “also means the opportunity to fail is enhanced. Investors will have their work cut out for them in trying to identify potential winning funds.”…