12/26/18 Even with today’s rally, December’s 11-13% declines (S&P 500, Russell 2000) for US stocks couldn’t have come at a worse time for markets. First, there is the psychological damage of seeing such a swoon in what is a typically good...
“Today’s prices are wrong” is the central tenet of active portfolio management. Without that belief, no manager could justify his or her role in capital markets. Systematically identifying mis-priced assets is the first line of a PM’s...
Every Friday evening I watch a show called Ancient Aliens with my 91-year-old mother. She likes it for the visuals; every episode has detailed images of hundreds of archaeological sites she has visited in her life. I majored in Near Eastern...
If you’ve never worked as a sell side stock analyst, Wall Street’s earnings estimates machine may seem like a black box. I suspect most investors believe EPS estimates to be the mathematical output of complex earnings models, carefully...
Buying the worst performing stocks late in a calendar year is a historically popular trading strategy for those who can stand to show the year’s biggest losers in their year-end portfolio. The basic idea behind this deeply contrarian...
With Christmas just 12 days away, we thought we’d show you all the most-popular tech gifts that will make Holiday 2018 a season of disruption (plus maybe give any late shoppers among you some ideas)! Here’s a rundown of the top selling...
