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…
Tag: Practical Quant
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…
The Three Levels of Conviction
By Jack Forehand, CFA, CFP® (@practicalquant) — There are some areas of life where you can never have all the answers – no matter how much you know, how smart you are, or…
Five Things to Keep in Mind During Bear Markets
By Jack Forehand, CFA, CFP® (@practicalquant) — “People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game.” —…
Six Charts to Help Understand Stock Valuations in the Wake of This Year’s Decline
By Jack Forehand, CFA, CFP® (@practicalquant) — The market’s amazing run in the wake of the pandemic has finally hit its first speed bump this year, with the S&P 500 down around 15%…
The Importance of Flows
By Jack Forehand, CFA, CFP® (@practicalquant) — I am a fundamental investor. I like to look at the value of a stock in the same way I would look at any business. Ultimately,…
Evaluating the Current Arguments in the Value vs. Growth Debate
By Jack Forehand, CFA, CFP® (@practicalquant) — After a decade of massive outperformance, the tide has finally turned against growth investors this year. The combination of stretched valuations, less favorable fed policy and…
The Importance of Intangible Assets
By Jack Forehand, CFA, CFP® (@practicalquant) — I started out my career as a Price/Book guy. It certainly wasn’t the only value factor I used, but I would defend it when it came…
Should Investors Fear the Yield Curve Inversion?
By Jack Forehand, CFA, CFP® (@practicalquant) — It seems like are never a shortage of issues out there that can cause fear for investors. There is always at least some wall of worry…