…often find we learn the most from investors who use very different approaches than we do. As a discretionary value investor and long-term student of value investing, Vitaliy provides us…
Search Results for: value
The Value Investing Strategy in Recessions and Recoveries
…bursting of a bubble, characterized by a wide value-growth valuation dispersion.” Value reflects weak performance when a bear market is triggered by a shock to fundamentals, which has been the…
Has Warren Buffett Lost his Touch? Berkshire Underperformance Triggers Questions
…portfolio.” According to Christopher Rossbach, CIO of asset manager J Stern & Co., “If Berkshire is to have the prospects of generating the value it has in the past, it…
Morningstar: Value Investors Facing a “Great Opportunity”
Dan Kemp, the CIO of Morningstar’s EMEA division, sees opportunity for value investors and disagrees with the consensus that the coronavirus crisis favors growth strategies, according to a recent article…
Buffett’s Disappearing Alpha – Why It Doesn’t Really Matter
…Berkshire’s size, opportunity set, competition, outperformance of growth over value type stocks, cash drag and more. But in classic Buffett style, he’s been honest with investors, saying publicly that the…
Excess Returns, Ep. 32: Is the Price/Book Ratio Dead?
…in value portfolios. In this episode, we discuss: The weaknesses of using Price/Book; The use of a value composite as an alternative value factor; Why we’d need a lot more…
For Alpha, ESG Isn’t Enough
…with high ESG ratings and high employee satisfaction outperform those with low ratings by nearly 6 percent. Yoon explained, “We know that employee satisfaction is related to firm value and…
How A German Business May Have Snookered Berkshire Hathaway & Buffett
…Castparts £643 million in damages—the purchase price minus the estimated value of Wilhelm Schulz of £157 million—but adds that “it’s doubtful whether Precision Castparts will be able to collect the…
The Danger of Learning From Your Mistakes
…of dollars based on what other firms were being valued at. When we grew the company to fifty employees and got venture capital funding, those expectations only grew. The problem,…
Return Gap Between Value and Growth at 25-Year High
…that while value investing “has a role in a balanced portfolio,” investors should be “selective when searching for value. A coming downturn could be good for value investors, because existing…