Practical analysis for investment professionals

David Larrabee, CFA

148 Posts

Biography

David Larrabee, CFA, was director of member and corporate products at CFA Institute and served as the subject matter expert in portfolio management and equity investments. Previously, he spent two decades in the asset management industry as a portfolio manager and analyst. He holds a BA in economics from Colgate University and an MBA in finance from Fordham University. Topical Expertise: Equity Investments · Portfolio Management

Author's Posts
Setting the Record Straight on Asset Allocation

Evidence shows that the groundbreaking research on the importance of asset allocation has been poorly understood and widely misquoted. Practitioners of all stripes might benefit from a visit to the archives to better understand the evolution of asset allocation theory.

Equities Roundup

As global stock markets closed out a rather disappointing 2011, there was no shortage of stories to catch the attention of equity investors.

Forecast Fatigue: What’s the Value of Annual Market Predictions?

At the beginning of each year, most leading brokerage houses and many prominent investors issue market forecasts. As we approach the saturation point, it is worth pondering whether these forecasts merit the attention of professional investors.

The DCF Model: Question Your Assumptions

The recent public debuts of companies that have shown great revenue growth but little to no earnings, such as Groupon and LinkedIn, were reminiscent of the dot-com bubble of the late 1990s, and there is a natural temptation to get caught up in the hype. For this reason, it is as important as ever for analysts to rely on the fundamental principles of investing and valuation. And the discounted cash flow (DCF) model is a great place to start.

The Search for Value Continues

Thought leaders from academia and industry were in New York recently for two days of engaging discourse at a conference on Security Analysis and the Search for… READ MORE ›

Warren Buffett Shows His Hand

When Warren Buffett recently disclosed a 5.4% position in International Business Machines (IBM), it took almost everyone by surprise. How did the Oracle of Omaha manage to build a $10.7 billion position in the technology bellwether over the course… READ MORE ›

Is Jack Bogle Right? Are ETFs Destabilizing the Market?

Exchange-traded funds (ETFs), which offer investors diversification and liquidity at a low cost, have exploded in popularity in recent years and now represent a $1 trillion global market. Morningstar estimates that ETFs now account for at least a third… READ MORE ›



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