Practical analysis for investment professionals

Alon Bochman, CFA

9 Posts


Alon Bochman, CFA, is managing partner of Stepwise Capital, a New York‐based investment partnership that combines value investing principles with statistical methods to create a portfolio of differentiated strategies that seek to systematically exploit structural market inefficiencies. Previously, he spent two years managing an equity portfolio for SC Fundamental. Bochman began his career as a programmer by co-founding a social networking software firm eventually sold to Thomson-Reuters. He holds an MBA from Columbia Business School and a BA from the University at Albany.

Author's Posts
Book Review: DIY Financial Advisor

What’s the right way for a layperson to invest? Wesley Gray, PhD, and company tackle that very question in their super-ambitious new book, DIY Financial Advisor.

Do Valuation Shorts Work?

Valuation shorts have a bad reputation on Wall Street. But do they work? Alon Bochman, CFA, tested this question using a new research service.

Checking in on the Chilling Cohort of Negative Enterprise Value Stocks

The author revisits the historical performance of negative enterprise value stocks.

Trials and Tribulations of Negative Enterprise Value Investing

This article illustrate some of the challenges of investing in negative EV stocks by delving into some recent opportunities.

Returns On Negative Enterprise Value Stocks: Money For Nothing?

Negative Enterprise Value stocks have offered attractive returns over the past 40 years and may be well worth a look.

Do Dividends Create Shareholder Value?

The issue of when and how a successful company should return capital to shareholders — whether in the form of dividends or share buybacks — is far from simple, even for experienced investors and managers.

Quant Magic: A Book Review of Quantitative Value, by Wesley Gray and Tobias Carlisle

How many of the myriad qualitative facts that we gather about a company ahead of an investment decision actually make a difference? Wesley Gray and Tobias Carlisle offer a different approach in their fascinating book Quantitative Value.

Light and Heat at the Ira Sohn Conference

I had the pleasure of attending the 18th Annual Sohn Investment Conference in New York on 8 May 2013.

Do Returns Matter More When You Watch? The Reason to “Monitor” A Fund Before Investing

Alon Bochman, CFA, discusses whether or not returns matter more when an investor is watching.

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