By Jack M. Forehand (@practicalquant) — The investment management business has improved dramatically in the past twenty years. The days of brokers selling high priced products to unsuspecting consumers that…
Tag: Practical Quant
Some Thoughts On Improving the Predictive Value of Morningstar's Ratings
By Jack M. Forehand (@practicalquant) — The Wall Street Journal article last week that called into question the predictive value of Morningstar star ratings has caused a lot of debate…
Are We Partying Like its 1999?
By Jack M. Forehand (@practicalquant) — One of the most common comparisons I hear for the current state of the stock market is the bubble of the late 90s. With…
Shift to Passive Investing May Not Influence Stocks Like Some Think
By Jack M. Forehand — The massive move investors have made to passive vehicles over the past few years has been truly astounding. With most active managers underperforming their benchmarks…
Lessons From Over a Decade of Managing Money Using Quant Strategies
By Jack Forehand — When we started managing money, I used to focus on what I knew. Today, after over 12 years doing it, I have learned it is best…
Three Slogans that Don't Work for Money Managers, But Should
By Jack M. Forehand — One of the interesting things about investing is that the approaches that work the best in raising capital and obtaining clients are often the worst…
Factor Strategy Focus – Benjamin Graham
By Jack Forehand — When we started following guru-based models, the term factor investing didn’t exist. We just wanted to find a way to outperform the market, and we realized…
What A 238 Mile Sailboat Race Can Teach About Investing
By Jack M. Forehand — I have raced sailboats since I was 12 years old. It has always been a passion of mine. The combination of being on the water…
The Pros and Cons of the Shiller P/E Ratio
By Jack M. Forehand — The Shiller P/E (CAPE) Ratio has become one of the most widely followed market valuation metrics. It became popular during the Technology bubble in the…
There’s One Investing Edge Left – And Anyone Can Capitalize On It
By Jack M. Forehand — “In investing, what is comfortable is rarely profitable.” – Rob Arnott Wall Street has become an incredibly difficult place for anyone to get an edge.…