While we hate to generalize or box our thinking into “styles,” we naturally, self-evidently, and painfully—today—consider ourselves value managers. We have had many conversations in
New York Governor Andrew Cuomo was asked at a press conference on March 31st about the risks of purchasing redundant medical equipment: “We are broke.
Selloff in Complex Investments Flashes Warning for Junk Bonds
Political Cycles and Stock Returns – Lubos Pastor and Pietro Veronesi
This Time Is Different, But It Will End the Same Way. – Daniel Zwirn, Jim Kyung-Soo Liew and Ajakh Ahmad
We read random academic papers. We are innately wary of any sentence that starts with “Our model says. ” We prefer literature without quadratic formulas.
“In the modern corporate sphere the desire to make profits, however, has been replaced with the desire to achieve growth at any cost. Often this
From The Journal of Investing: What Happens to Stocks when Interest Rates Rise?
Cosmetic Improvement? The latest survey of US Consumers by Bespoke Investment revealed something both depressing and very interesting. The survey, in its fourth year, regularly
From JP Morgan’s CEO Jamie Dimon’s Letter to Shareholders 2018:: There are some modest negatives or potentially important differences (than during the last crisis): •
“We’re in Omaha, let’s say you had bought the Union Pacific Railroad yourself, like we bought the BNSF, and you had bought it a year
Click HERE to download Is Economics Research Replicable? Sixty Published Papers from Thirteen Journals Say “Usually Not.”
by Ben Claremon | Research Analyst As of the huge currency moves the world has witnessed over the last year or so, the topic of
by Dean Pagonis | Research Analyst We think you might have noticed the dollar has been appreciating versus most currencies. (Have you heard the one
While we prefer not to opine in a macro-economic sense on most occasions, this piece sourced from Grant’s, nicely sums up thoughts expressed in a
