…a bigger shift toward value, it offers the following arguments supporting the end of value’s “dark winter:” Rising rates are usually good for value—they push up the discount rate that…
Search Results for: value
Mauboussin on the Pitfalls of Using EV/EBITDA in Valuations
…value investors “balancing between flexibility and discipline in the investment process” is to “be good at updating your prior view as new information reveals itself.” The most common execution-related mistakes…
Five Questions: Behavior in Investing with Dr. Daniel Crosby
…invest in active or passive funds or whether value or momentum is a better investing factor, but in doing that we often lose sight of the thing that studies have…
Hulbert: Fund Performance is Largely Luck-Driven
…example of value investing which, “despite having one of the strongest historical pedigrees, the average value stock over the past decade has lagged significantly behind the average growth stock.” In…
Small and Passive is Better in Money Management
…value for the past decade. Earnings gains explain some of the advantage of growth over value. Performance advantages depend on the time frame. “The advantages for growth since the 2009…
The Quest to Quantify Investing's Culture
…is not the only firm to have recognized the value—and inherent difficulty—of quantifying culture,” the article says, adding that investment executives have been able to “skate on cultural issues for…
Rotation from Growth to Value Might Not Be Imminent
Although some investors are making the case that “stock market leadership should be passing from excellent-but-expensive growth stocks to cheaper value stocks more tied to a strong U.S. economy,” any…
Active Bond Managers are Beating the Market
…trend, particularly in a rising-interest-rate environment—rising rates chip away at the value of existing bonds since newly issued ones offer higher payouts to investors. The article quotes Richard Bernstein Advisors…
Learning from the Hierarchy of Investor Needs
…most corrections and bear markets. The reason is that investors have an aversion to loss (they feel losses twice as much as they value gains) and they extrapolate recent events…
Buffett Repurchases Over $900 Million in Berkshire Stock
…intrinsic value. In a letter to shareholders in 2016, Buffett explained, “The question of whether a repurchase action is value-enhancing or value-destroying for continuing shareholders is entirely purchase-price dependent.” …