…find in-person value not so much in what a manager says (which could be communicated over the phone), but rather in what the manager does while saying it.” The article…
Search Results for: value
Growth Vs. Value Index Debate Has Ended
The evolutionary shift from active to passive investing has ended the feud between growth and value investors, according to a recent Bloomberg article which argues that “growth and value are…
Morningstar Studies Why Active Managers Perform Better in Some Periods
…in their portfolios (using data from the Morningstar Active/Passive Barometer for 12 categories): The firm set up regression models that could test, for example, “if active managers in the large-value…
Ed Thorp Interview Highlights
…investments these days, he says, because, “at 85, the marginal value of time is higher and the marginal value of money is lower. These are strong disincentives when I make…
Lessons From a Quantitative Investing Conference
…excellent presentations about which factors work. As many people would expect, they focused on value and momentum, which are the two factors with the most statistical evidence to support them….
Most Read Posts on Validea’s Guru Investor
Below are links to our most popular posts for this week on Validea’s Guru Investor blog. [1] Finding Deep Value Stocks with the Acquirer’s Multiple [2] Highest-Paid CEOs Tend to…
Finding Deep Value Stocks with the Acquirer's Multiple
…what Carlisle calls the Acquirer’s Multiple. The lower the number, the better and more attractive. Enterprise Value = + Market Value of Common Stock + Market value of preferred…
Harvard Lost Billion Dollar Bet on Tomatoes and Sugar
…lost,” the article says, which led to last year’s decision by current endowment chief, N.P. “Narv” Narvekar to write down the value of its global natural resources portfolio by $1.1…
Become an Equity Compounder à la Buffett
…by Morgan Stanley in a 2015 paper titled, “The Equity ‘Compounders’: The Value of Compounding in an Uncertain World.” The paper outlines the firm’s research that showed how “compounders”— companies…
Buying Stocks with Debt Leads to Market Vulnerability
…a “record $642.8 billion against their portfolios” in an effort to participate in stock market gains. But when the market tumbles and the value of stock collateral shrinks, the penalties…