By Jack Forehand, CFA, CFP® (@practicalquant) — Fundamental value investors like me tend to get jealous when a new growth investor comes on the scene and generates huge returns. We go through various…
Tag: Practical Quant
Waiting for the Bear Market That is Already Here
By Jack Forehand, CFA, CFP® (@practicalquant) — I have never loved the idea of defining bear markets using a narrow framework. The common definition is that US stocks are in a bear market…
A Look at Changing Factor Exposures in an Evolving Market
By Jack Forehand, CFA, CFP® (@practicalquant) — The market has seen some major changes since the 2020 market bottom. It would have been very difficult to predict the massive rally we have seen…
Lies, Damn Lies and Market Valuation
By Jack Forehand, CFA, CFP® (@practicalquant) — There has been a lot of talk in recent years about the market’s valuation. And much of that talk has been centered around how expensive it…
Observations From The Recent Market Decline
By Jack Forehand, CFA, CFP® (@practicalquant) — We are in the midst of a market catastrophe. There is blood in the streets. There is panic selling. There are forced liquidations. And the S&P…
The Risk Reduction Conundrum
By Jack Forehand, CFA, CFP® (@practicalquant) — A member of my family called me the other day with a question I hear often from both people I know and from people we manage…
The Forecast Article To Shake Your Belief in Forecasts
By Jack Forehand, CFA, CFP® (@practicalquant) — We have just reached the end of 2021 annual forecasting season. It is the time of year when market strategists tell you where the market will…
Our Five Most Popular Podcasts of 2021
By Jack Forehand, CFA, CFP® (@practicalquant) — Our goal when we started the Excess Returns podcast was to hopefully use the platform to help educate investors, and to learn ourselves in the process.…
My Biggest Lessons From 2021
The experiences all of us have at the beginning of our investing careers do a lot to shape what we believe and how we act going forward. For investors who…
Some Observations on the Current Market Valuation
By Jack Forehand, CFA, CFP® (@practicalquant) — We have had a massive run in the US market since the 2020 bear market bottom. Although the wall of worry has been our constant companion…