Benjamin Graham
Who are the greatest investors of all time?
In the latest edition of the In Practice series, Mark Harrison, CFA, and Phil Davis summarize recent research into whether buying US equities that are underpriced based on simple fundamental-to-price ratios yields better performance than investing in broad market indexes.
The appearance of a new valuation paradigm awakens childhood fears in Sloane Ortel, who parses them with the help of the Annual Ben Graham Value Investing Conference IV.
Sloane Ortel provides a rundown of the insights from this year's Annual Benjamin Graham Conference held at the New York Society of Security Analysts (NYSSA).
Three top Wall Street strategists shared their predictions on the future performance of global financial markets with the CFA Society Toronto recently. While guardedly optimistic, they included calls for slow growth, increased volatility, and a return for active management.
A surviving investor is always learning beyond what is obvious from platform presentations and gaining additional insights from past experiences. As almost all the investing world knows, there is a five-hour question and answer session at the annual Berkshire… READ MORE ›
Book value may not be valuable. Changes in reported earnings per share is not growth. How can we use that insight to select funds?
I am focusing today on the kinds of “elevator comments” that one hears in the lift… READ MORE ›
As the bull market for US stocks approaches its fifth anniversary, we are starting to see signs typically associated with the latter stages of a multi-year advance in equities. Bearish sentiment, widely seen as a contrarian indicator, has dropped to levels not seen in a generation, retail investors are returning to stocks, and the IPO market has been surging. As further evidence, in the name of innovation, Wall Street is once again rolling out risky products that are almost certain to disappoint the unwitting buyer.
What is the difference between investing and speculation? At first, you think the answer is simple because the distinction is obvious — that is, until you actually put pen to paper and try to answer the question.
Conversation with Mario Gabelli, CFA, on investing, research, and the hunt for investment opportunities.