By Jack Forehand, CFA, CFP® (@practicalquant) — It looks like the 2022 bear market might be with us longer than many of us had hoped. A study of history would have told us…
Tag: Practical Quant
The Essential Role of Expectations in Investing
By Jack Forehand, CFA, CFP® (@practicalquant) — To make money in the markets, one needs to be an independent thinker who bets against the consensus and is right. – Ray Dalio I am a…
The Many Different Flavors of Value
Many investors believe that all value investing strategies are similar. When it comes to getting exposure to value, they think the many value funds that are out there are mostly…
Are Growth Stocks Cheap?
By Jack Forehand, CFA, CFP® (@practicalquant) — As a value investor, I have a weakness that I have struggled with my whole career: I really like buying things when they go down a…
Beware the Back Test
By Jack Forehand, CFA, CFP® (@practicalquant) — Active investment managers have a pretty dismal long-term record. Depending on which study you look at somewhere between 80% and 90% of managers underperform their benchmarks…