Providing insight for individual investors
When most people hear the word “risk,” they instinctively recoil. Research tells us that just seeing that word on your computer screen caused an imperceptible rise in your pulse and in the speed of your breathing. In fact, a few … Read more
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The easy money has been made. I am not referring to picking the market bottom reached on May 9, 2009. That would have been speculation, not investment. In fact, just six months before I attended a conference where Emerson Chairman … Read more
Leave a Comment The easy money has been made. I am not referring to picking the market bottom reached on May 9, 2009. That would have been speculation, not investment. In fact, just six months before I attended a conference where Emerson Chairman … Read more
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The bear case on Apple is well known and widely accepted today. As a reformed Apple short, I understand the thesis well. The company’s profits are largely driven by one or two products and its future success largely dependent upon … Read more
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In the previous post about Bestinver Asset Management’s annual meeting this year, I spoke about its origins, investment style, and efforts to educate its clients so that they share the same set of principles when it comes to market timing … Read more
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Linkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. Mr. Indispensable … Read more
Leave a CommentThe housing market may be in recovery, and some prominent commentators have suggested that if it is, the broader market may recover alongside it. Joe McAlinden, A CFA Charterholder and the CIO of Catalpa Capital, joined me in our New … Read more
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Few bond fund managers attract as much attention as DoubleLine Capital’s Jeffrey Gundlach. His firm has seen its assets under management grow to more than $45 billion in just over two years since its founding. Although these assets span a … Read more
6 CommentsNo, not the golf kind; those are “divots.” “DIVUTS” is an mnemonic device that CFA Program candidates use to memorize the different things that can affect the price of options. It stands for: Dividends Interest rates Volatility Underlying stock price … Read more
Leave a CommentWe have been hearing about a recovery in real estate markets for some time, so we arranged to speak with someone on the front lines of the real estate recovery about what’s happening specifically in New York City, one of … Read more
Leave a CommentThe housing market may be in recovery, and some prominent commentators have suggested that if it is, the broader market may recover alongside it. Joe McAlinden, A CFA Charterholder and the CIO of Catalpa Capital, joined me in our New … Read more
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If you’re contemplating retirement, chances are you’re trying to calculate how much money you can afford to pull out of your retirement nest egg each year. The key here is what withdrawal rate is sustainable: Naturally, you want to avoid … Read more
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If you were to play word association with individuals in the investment industry using the phrase “hedge fund index,” the instinctive responses would be “survivorship bias” and “backfill bias.” The arguments for flaws in hedge fund indices, popularized by academics, … Read more
Leave a CommentThe legendary Berkshire Hathaway is scheduled to release earnings on the first of May, so we caught up with an investor who has followed the Omaha-based company and its founder Warren Buffett for years. The subject of our conversation: Is … Read more
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Financial statement analysis and security valuation are a big part of our training as CFA charterholders; for many of us, they are the most important part. We pride ourselves on the thoroughness, sophistication, and level of detail of our analysis. … Read more
Leave a CommentReal estate has constantly been in the news, so we invited Don Miller, CFA, CEO of Piedmont Office Realty Trust—one of the 10 largest publicly traded office REITs in the United States—to discuss the nature of a real estate investment … Read more
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