By Justin J. Carbonneau (@jjcarbonneau) — A few weeks ago my partner, Jack Forehand (@practicalquant) wrote a piece titled “The Mechanics of Value Investing“. In it, he highlighted the various…
Tag: Factor Focus
Long Term Compounding Using Low Volatility & Other Fundamental Factors
By Justin J. Carbonneau (@jjcarbonneau) — There is an age-old concept in investing that the more risk you take the higher the return you should get. This makes a lot…
Expanding the Opportunity Set with Shareholder Yield
By Justin J. Carbonneau (@jjcarbonneau) — When most investors hear the word “yield” they immediately think about dividends. Things like stock buybacks and debt paydown typically don’t come to mind.…
Replicating Buffett's Wide Moat Investing Method
By Justin J. Carbonneau (@jjcarbonneau) — Warren Buffett and others have long advocated buying companies with moats around their businesses. Strong brand loyalty (Disney), economies of scale (Walmart), innovation (Google),…
Twin Momentum: A Combination of Fundamental & Price Momentum
By Justin J. Carbonneau (@jjcarbonneau) — An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction…
Learning from Buffett's Performance
In my last article, I looked at the stocks owned by Warren Buffett and Berkshire Hathaway and asked the question, “How Active is Buffett’s Portfolio?”. As we found out, the…
How Active is Buffett's Portfolio?
By Justin J. Carbonneau (@jjcarbonneau) — With a $500 billion market capitalization, Berkshire Hathaway is the fifth largest company by market cap in the U.S. stock market and the majority…
Learning from the Hierarchy of Investor Needs
By Justin J. Carbonneau (@jjcarbonneau) — The original “hierarchy of needs” model was developed by Abraham Maslow in 1943. Maslow proposed the hierarchy as a way to understand human motivation…
The Underappreciated Role of Luck in Investing
By Justin J. Carbonneau (@jjcarbonneau) — The $1.5 billion Mega Millions jackpot had a lot of people daydreaming about what they would do if they won such a windfall. With…
10 Reasons Why It's Tough to be a True "Intelligent Investor"
By Justin J. Carbonneau (@jjcarbonneau) — Ben Graham’s tome The Intelligent Investor still sells over 100,000 copies a year as investors of all stripes look to learn the value-investing way.…