In a recent Financial Times Money Show podcast, editor Claer Barrett discusses the recent market rally, government stimulus, and the relationship between value and growth stock valuations with FT columnist…
Search Results for: value
The Human vs. The Quant
…stock market. When the market falls, my income goes down, the value of my business goes down, and my portfolio goes down. For me, keeping a tail risk position helps…
Quarterly Guidance and Why Suspension Should Extend Beyond Covid-19
…long-term companies need” and in fact encourages companies to lose focus on the fundamental drivers of their businesses that can “unlock future value and the steps required to get there.”…
Excess Returns, Ep. 28: The Danger of Focusing on What Should Be and Missing What Is
We all have our beliefs about the way that things should work in investing. When the market gets overvalued, we think it should go down. When value stocks struggle for…
Value Alive or Dead? Debate Rages Among Quants
…“misappropriated by practitioners to sell ‘smart beta’ value products.” Changes in the economic landscape may threaten the value strategy—“technological advances have made a slew of stocks structural winners and losers…
A Detailed Look at the Quality Factor
…metrics you can use to define value, but they all are a function of comparing the price of stock to some sort of fundamental. So even though each value metric…
Chris Davis of Davis Advisors Shares Market Insights
…prices, he says, increase future returns—he uses the example of an apartment building that was purchased for $10 million but amidst tough times loses rental revenue. “The value of the…
Oakmark’s Nygren: Selloff Reminiscent of Older Bear Markets
…value in today’s market, Nygren says the “beaten down” stocks offer opportunity: “As the news on COVID gets better and you can see a path out of the recession we’re…
Mauboussin on Popular Delusions and Myths
…future,” the opposite of short-termism. He supports the argument through a calculation of the present value of expected dividends of five stocks from the Dow for a five-year period. The…
Excess Returns, Ep. 27: Quality and Low Volatility: The Factors That Shouldn't Work
…tendency of investors to systematically misprice certain types of securities. Factors like value and momentum are easy to explain using this framework, but the outperformance of quality and low volatility…