Current State of Affairs for Value, Profits, and Debt
Values woes, profitability, debt trends, and a possible catalyst in value’s favor.
Read MoreWhy Do Markets Go Up?
Stock markets are the greatest compounders of wealth the world has ever seen. Sadly, most introductory investment courses and literature do not begin with an explanation as to why markets go up. It’s such a fundamental question, but it is often overlooked.
Read MoreWhere is the Value?
Investors always want to know what’s cheap—cheap relative to the opportunity set and relative to history.So it’s always interesting to take a look at the global landscape to see which markets are trading at attractive prices.
Read MoreConviction, evidence, and accepting ignorance
Coaches teach us the fundamentals of some activity. If there was an “ideal” investment coach, what fundamentals would she focus on? This is my current take.
Read MoreFalse Promises: Going Passive is Not Momentum Investing
There is some popular marketing spin going around that indexing—constructing portfolios based on market-cap weights—is effective because it allows an investor to own more of companies that have been successful and appreciated, while moving away from losers that have been unsuccessful and declined This sounds logical, but it is empirically wrong.
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