By Jack Forehand (@practicalquant) — Wall Street prediction season is upon us. It is the time of year when all the major investment banks and market pundits will issue their 2019…
Tag: Practical Quant
When Hypothetical Becomes Real
By Jack Forehand (@practicalquant) — The day you begin to follow a new investment strategy is typically a day of optimism. You have done your research, you have looked at the…
When Your Experience Fails You
By Jack Forehand (@practicalquant) — Because it’s easier, we’re inclined to use our recent experience as the baseline for what will happen in the future. In many situations, this bias works…
Quick Takes – Key Insights From Swedroe, Asness & Gray
By Jack Forehand (@practicalquant) — Below are some of our favorite things we read or listened to this week and one important lesson we took from each of them. This Week’s…
Five Questions: Value Investing with Wes Gray
By Jack Forehand (@practicalquant) — This is the first interview in our new Five Questions series. Each month, we will take an in depth look at a specific issue in the…
The Inexact Science of Market Valuation
By Jack Forehand (@practicalquant) — When it comes to market valuation, investors love certainty. They want to hear definitively that the market is cheap, or the market is expensive, and that…
Why Every Investor Should Join Twitter
By Jack Forehand (@practicalquant) — I am not a big user of social media. I have had a Facebook account for a long time, but I almost never use it. I…
Beware of Binary Market Indicators
By Jack Forehand (@practicalquant) — Whenever the market declines, the news is filled with information that can lead investors to panic. That is no surprise since doom and gloom sells. Even…
The Challenges of Market Cycle Timing
By Jack Forehand (@practicalquant) — Everyone wants to follow the investing advice of market legends. After all, that level of success is typically not achieved by accident. Investors want to learn…
The Pitfalls of Back Testing
By Jack Forehand (@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…