…generic low-cost broad-based index funds.” Two strategies that “held up” in the research were value and momentum, and simpler momentum strategies performed better than more complex approaches (such as those…
Search Results for: value
Insights from Fidelity's Veteran "Low-Price" Fund Manager
…to intrinsic value which, he adds, “is how I have always run the fund.” Here are some interview highlights: Tillinghast says that finding low-priced stocks involves determining whether a you…
The Importance of Expectations in Investing
…be correct about it (which is the hard part). That is the reason that value investing works over time. Value stocks tend to all have significant problems in their businesses….
Is Value Investing Dead?
…also acknowledges that assessing whether value strategies are in trouble depends on how one views value. Specifically, the report says value strategies that choose stocks based on the ratio of…
This Bull Market Isn't Happy
…value since March 2009 and October represented the 12th consecutive month that the index registered a positive return (the first time this has happened since 1935), the article says, “Rarely…
The Most Hated (And Most Loved) Investing Factor
…gamut from value to growth to momentum. Our historical testing shows that mean reversion in factors, particularly value factors, can be a very powerful force. The longer and more a…
The Active Versus Passive Debate is Not Binary
…management styles based on value, quality and momentum “have historically beaten the broader market. The problem is that active managers kept the profits for themselves by charging investors absurdly higher…
Where have all the Star Stock Pickers Gone?
…15-year period, according to the S&P SPIVA report. Reasons include; high fees, closest indexing, the second-worst bear market in history clobbering those who took more risk, underperformance of value stocks,…
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] Some Thoughts On Improving the Predictive Value of Morningstar’s Ratings [2] Klarman Warns…
The Biggest Failure of the Investment Management Industry
…benefit investors would secure your mansion in Greenwich. Now those mansions are being fire-sold. As it turns out, you actually need to add value to make money for investors –…