Practical analysis for investment professionals

CFA Institute Equity Research and Valuation Conference


Small-Cap Investing: More of an Art than a Science

“Successful investing requires both art and science,” said Preston Athey, CFA, a 34-year veteran of T. Rowe Price. “When T. Rowe Price was founded back in 1937, Mr. Price always considered investing an art, and in fact, he often considered it a black art.”

Damodaran’s 10 Rules for Addressing Uncertainty in Investment Valuations

Human bias, complexity, and uncertainty are amongst the biggest obstacles investors face when it comes to investment valuation, and Aswath Damodaran recently offered some practical guidance on responding to the uncertainties commonly faced when deriving the intrinsic value of a stock.

Galbraith: Visible Hand Is the Biggest Risk for Investors, Equities Are the Best Opportunity

“I’m a stock investor and express my views in individual securities, but I think some things have changed,” Steven Galbraith, managing partner at the hedge fund Herring Creek Capital, said at the 15th Annual Equity Research and Valuation Conference conference in Philadelphia. “You can no longer just look at the micro,” Galbraith said. “The visible hand and policy blunders are the primary risks for investors today.”

How Many of Our Successes and Failures Should Be Attributed to Luck?

How many stock pickers who outperform this year will beat a dart board next year? The answer depends upon whether luck or skill had more to do with their results.



By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close