Over the last eight months, I have written a series of posts on the market and how it has adapted and adjusted to COVID. The very first of these posts, on February 26, 2020, was about two weeks into the meltdown and it is indicative of how little we knew about the virus then, and […]
If you have had the endurance to make your way through my first two posts on value investing, I compliment you on your staying power, but I am sure that, if you are a value investor, you have found my take on it to be unduly negative. In this, my third post, I want to […]
In the last post, I noted the strong backing for value investing for much of the last century, where a combination of investing success stories and numbers that back those stories allowed it to acquire its lead position among investment philosophies. In this post, I plan to look at the underbelly of value investing, by […]
One of the classes that I teach is on investment philosophies, where I begin by describing an investment philosophy as a set of beliefs about how markets work (and sometimes don't) which lead to investment strategies designed to take advantage of market mistakes. Unlike some, I don't believe that there is a single "best" philosophy, […]
In my time in corporate finance and valuation, I have seen many "new and revolutionary" ideas emerge, each one marketed as the solution to all of the problems that businesses face. Most of the time, these ideas start by repackaging an existing concept or measure and adding a couple of proprietary tweaks that are less […]
After big market movements, we are eager to look for explanations, fundamental reasons why a stock or stocks collectively moved on that day, but the reality is that a great deal of the price movement on a day-to-day basis has nothing to do with earnings, cash flows or risk. On August 31, this reality was […]
When I started these updates on February 26, 2020, about two weeks after the markets went into free fall, my first six posts were titled "Viral Market Meltdowns", reflecting the sell off across the globe. About half way through this series, I changed the title, replacing the word "meltdown" with "update", as markets turned around. […]
As some of you who have visited my website and read my bio know, I describe myself first and foremost as a teacher, and every semester, for the last decade, I have invited anyone who is interested to join in my classes. In December 2019, when I posted my last invite, I fully expected to be teaching corporate […]
In the midst of chaos and confusion, it is human nature to look for order and for a unifying theory that explains the world. As I have navigated my way through this crisis, I have used data from markets to try to come up with explanations for why markets have rebounded as quickly and as […]
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of November 20, 2020. The total market capitalization of these 5...
In Berkshire’s 13F for the third quarter: “Confidential information has been omitted from the public Form 13F report and filed separately with the U.S. Securities and Exchange Commission.” I am quoted in a Business...
In an SEC 13-F filing after the market closed today, Berkshire reported the following major changes to its portfolio: New Positions: Merck ($1.9 billion) (Warren Buffett) AbbVie ($1.9 billion) (Buffett) Bristol-Myers Squibb ($1.8 billion)...
I am quoted in Maryland Today on “The Coming Biden Economy”. The Coming Biden Economy From Health Care to Green Energy to Global Cooperation, Business Experts Weigh in on New Administration’s Expected Approach By Gregory...
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of November 13, 2020. The total market capitalization of these 5...
I was interviewed by Business Insider: Warren Buffett likely sold $4 billion of Apple shares and dumped more Wells Fargo stock last quarter, Berkshire Hathaway expert David Kass says Warren Buffett’s Berkshire Hathaway may...
5 Highlights of Berkshire’s third quarter report: (1) Berkshire in Q3 bought back $9 billion of stock. The 9 month total now equals $16 billion, which exceeds any previous year total. (2) Berkshire on...
The largest 5 stocks by market capitalization are substantially outperforming the S&P 500 and the Dow Jones Industrial Average (DJIA) Year-To-Date (YTD) as of November 6, 2020. The total market capitalization of these 5...
I am quoted in InvestorPlace: I asked Dr. David Kass, clinical professor of Finance at the University of Maryland’s Robert H. Smith School of Business, what a Biden administration would do for U.S. relations with...
Kevin Hassett, President Donald Trump's top economic adviser, suggested Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections.
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files.
FOR the five local trading sessions that spanned Nov 13 to 19, the Straits Times Index (STI) gained 2.4 per cent, with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging a 1.3 per cent gain. This has brought the STI's decline in total return for the 2020 year to Nov 19 […]
ON Monday Nov 23, SGX launches five new regional and single-country futures contracts based on Net Total Return and Price Return Indices calculated by FTSE Russell.
WHAT does one do with large amounts of food that are still safe for consumption, but end up being thrown away just because they are slightly blemished or nearing their expiry dates?
THE US stock market is tracking a race against the clock as stimulus negotiators, vaccine makers and transition officials attempt to save the US and its economy from a second wave of Covid-19 before it is too late.
DESPITE a wide range of consumer choices in Myanmar these days, there remains a sizeable community in the South-east Asian country that is unable to enjoy what's available to them due to affordability and accessibility constraints.
THE Straits Times Index (STI) gained 36.01 points or 1.3 per cent to 2,813.01 on Friday, on the back of a modest rebound by US stocks overnight that was led by tech stocks.
THE Straits Times Index (STI) gained 36.01 points or 1.3 per cent to 2,813.01 on Friday, on the back of a modest overnight rebound by US stocks that was led by tech stocks.
THE Straits Times Index (STI) fell 11.59 points or 0.42 per cent to 2,777 on Thursday, in what IG senior market strategist Pan Jingyi described as "some cooling of the vaccine enthusiasm".
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