If you are one of the many investors who want the companies in which you invest to return just about any excess cash to shareholders via dividends or stock buybacks, you probably haven’t been a fan of Tom Russo’s portfolio over the past quarter-century. And that is too bad for you.
In a recent WealthTrack interview, legendary value investor Jean-Marie Eveillard talked about the difference between Benjamin Graham’s and Warren Buffett’s value philosophies, and explained where his own approach falls on the value spectrum.
Top fund manager Charles de Lardemelle isn’t finding much to buy in the stock market these days, holding about 30% of his two portfolios’ funds in cash.
Bruce Berkowitz’s Fairholme fund got some bad news recently after a court ruling hit Fannie Mae and Freddie Mac hard. But over the long term, Berkowitz’s track record is impeccable, and in a recent interview with WealthTrack, he talked about the process that led him to go big into financial stocks amid the 2008-2009 financial crisis.
Strategist Steven Leuthold thinks inflation fears are likely to hit sometime in the coming year, and he is positioning his portfolio with some inflation hedging investments. Leuthold tells WealthTrack’s Consuelo Mack that he has been looking to gold and commodities as an inflation hedge. He also says that, with stock market gains having far outpaced corporate profit growth over the past year or so, he thinks a correction is likely.
WealthTrack has released some previously unaired parts of Consuelo Mack’s May interview with Yale Chief Investment Officer David Swensen. In the clip below, Swensen discusses a variety of topics, including why he thinks some corporate bonds are a good bet for professional investors but not a good bet for individuals; why individuals will always have trouble beating the market; and why his strategy in picking managers to invest Yale’s funds with is “all about the… Read More
Three top market strategists — Francois Trahan of ISI Group, Dennis Stattman of the Blackrock Global Allocation Fund, and John Dorfman of Thunderstorm Capital — had some encouraging views on the stock markets on Consuelo Mack’s WealthTrack recently, though they think the U.S. economy could be in for a long haul in righting itself. Trahan noted that the current bullish turn is the fifth 10%-plus rally we’ve seen in the past year, but the first… Read More
Three of the financial minds who warned of the current credit crisis — Banc of America Securities-Merrill Lynch’s Richard Bernstein, PIMCO’s Paul McCulley, and author and former Wall Streeter Richard Bookstaber — offered their views on the current economy and what investors should do in this market on WealthTrack with Consuelo Mack recently. (Click on the WealthTrack Video on Demand image to watch the video.) Bernstein said it is difficult to form a consistent investment… Read More