Drivers of Value

Cummins won’t make you rich, but it won’t kill you.

An interview with Daniel Lacalle of Ecofin

As the fifth anniversary of the financial crisis approaches, David Schawel, CFA, discusses CLOs – what they are, how they’ve performed, who is buying them, and the value they offer – in regards to QE.

This article is meant to illustrate how, depending on the price, the stock of a great company may not be a great investment.

Discussion on the nature of a real estate investment trust.

If Spain abandons the euro or defaults on its debt, it could trigger a Lehman-style meltdown. In spite of the good performance of Spanish sovereign debt and stocks in these first weeks of the year, this meltdown scenario can’t be ruled out yet.

In a broad-based study examining two decades worth of returns, a trio of academics find that fund managers who employ technical analysis delivered higher returns than those who did not — results that could help to change the way technical analysis is thought of in the asset management world.

Impact investing, a rapidly growing sector of socially responsible investing (SRI), represents the nexus of philanthropy and traditional finance: It expands the definition of return on invested capital to include both financial and social returns.

Conversation with Mario Gabelli, CFA, on investing, research, and the hunt for investment opportunities.

Why, how, and to what effect do faith-based investors engage with companies to seek positive social and environmental change?