An article in Barron’s discusses the findings of a new study by Harvard Business School doctoral candidate Matthew Schaffer that explores the usefulness of independent valuation experts in acquisitions. Based…
Search Results for: value
Pure-Factor ETFs Poised to Shine in Market Downturn
…article reports (citing specific examples). According to the article, “high-conviction ETFs show value-investing approach isn’t dead. “In the past two years,” it says, “77% of value ETFs have trailed the…
The Awakening of Value Stocks
…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…
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…