The Three Levels of Conviction
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…

The Importance of Flows
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,…

The Importance of Intangible Assets
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…

Lessons From the Rise and Fall of ARK
Lessons From the Rise and Fall of ARK

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…