…inflated share prices to a level that exceeded intrinsic value. And while it can be tempting to join in when people seem to be making money, the article advises against…
Search Results for: value
The Basics of Value Investing
…of value in the past decade, the first question to ask isn’t “why does value work?”. The question is “does value work at all?”. I have looked at the arguments…
A Detailed Look At Joel Greenblatt’s Magic Formula Method – A Model that Blends Value & Quality (Ep. 70)
Joel Greenblatt produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more…
Vanguard Expects Value Stocks to Emerge from Coma
…valuations of growth stocks, rather than the valuations of value stocks returning to levels seen in prior decades.” Over the next decade, Vanguard reportedly expects average annual value stock growth…
The Other Scarcity Problem for Bitcoin Bulls
…the article notes that as its price climbs (the value of all coins currently in circulation hovers above $600 billion), “there’s a different scarcity problem looming larger.” When the value…
Value is the Main Reason Quants Have Performed Badly
…to value. The team also found that the size factor—which favors small caps— exacerbated underperformance as large-cap tech stocks dominated. But despite the underperformance of both the value and size…
An In Depth Look at Momentum Investing and Trend Following with Jack Vogel (Ep. 69)
There is perhaps no investment factor with more long-term data to support it than momentum. But despite that, its real world usage lags far behind other factors like value. Part…
What is Risk?
…you run the risk that deviation will hurt your returns rather than help them. Even for those of us who use factors like value and momentum that have worked over…
How to Find Value in the Stock Market in 2021
…to value, Malone predicted that if economic growth “exceeds four to five percent, value will outperform growth.” He noted, “It has been a long time in the desert for value.”…
Bill Miller’s Market Insights from Q4 Letter
“One of the lessons of 2020 was the uselessness of the annual New Year’s ritual of market forecasting,” wrote Miller Value Partner’s founder Bill Miller in a recent letter to…