…different economic regimes; Persuasive, holding across counties, regions, sectors and asset classes; Robust, holding over different metrics (i.e. a value premium that holds whether measured by price-book, earnings, cash flow…
Search Results for: value
The Case For Dividend Investing Via The Dividend Aristocrats
…from the constant pressures of economic downturns and competition. Legendary value investor Warren Buffett popularized the term “economic moat” to describe this quality. Certain businesses have such a strong brand…
Value Stocks Not Left for Dead Yet
Although the value strategy has been “in crisis” of late, a recent Bloomberg article suggests, “let’s not take the panic too far.” It says, “Yes, on a relative basis, the…
Behavioral Finance and the Investment Process
…what context you add value in any of the individual tasks.” Two of the more problematic areas for clients, she says, are “loss aversion tendencies” and “alpha decay”—where clients may…
Is This Value's Moment to Shine?
…period. “But value stocks,” it says, “have narrowed the gap considerably as of late. The value index is up nearly 18.5% this year—not far behind the gain of 20% for…
Active Management's 'Genetic Defect'
…could be to diversify across managers rather than add positions that won’t add value, the article says, adding, “If a retirement plan or asset manager merged the best ideas of…
The Facts About Buybacks
…to shareholders. Take a look at the chart below from O’Shaughnessy Capital Management. source: https://www.osam.com/pdfs/An_Option_to_Improve_Shareholder_Value.pdf Stocks that bought back shares and paid dividends have performed better than companies that did…
A London Gathering—and Reckoning--for Value Investors
A recent article in Bloomberg offers insights on the outlook for value investing, highlighting a recent talk given at a London conference by Inigo Fraser Jenkins, head of quantitative strategy…
Five Questions: Tackling Some of the Toughest Questions in Investing with Michael Mauboussin
…would be very optimistic about what the next decade might hold for value. But others argue that there have been major events that significantly limit the value of those base…
Commentary: Smart Beta vs. Alpha-Beta Combination
…difference between these two strategies through a long-short portfolio with exposures to the Size, Value and Momentum factors:” “Instead of structuring an equity portfolio as smart beta by selecting stocks…