Year: 2020

Nov. 2020 – The Limits of Investment Knowledge

Successful investing is unlike many other endeavors. Because investment outcomes can be random and unpredictable, learning moreand trying harder don’t necessarily lead to better results. Contrast that with activities in which working harder statistically leads to better results. Some people like running. The average runner might run a few times a week in the summer, …

Nov. 2020 – The Limits of Investment Knowledge Read More »

Sept. 2020 -Elections, Markets, and Emotions


Disclaimer of Warranties

You acknowledge that we provide the contents of this website on an “as is” basis with no warranties of any kind. We disclaim all representations and warranties, express or implied, of any kind with respect to this website, including warranties of merchantability, fitness for a particular purpose and non-infringement of intellectual property and proprietary rights. …

Disclaimer of Warranties Read More »

Same Old Story

June 2020 – Large and In Charge? Giant Firms atop Market Is Nothing New


May 2020 – Spread the Word: What’s New with Valuation Ratios

These have been challenging times for value stocks. Over the 10-year period ending March 31, 2020, the Fama/French US ValueResearch Index returned an annualized 5.06%, well behind the 13.04% achieved by the Fama/French US Growth Research Index.This performance divergence has resulted in a substantial widening of the price-to-book spread between value and growth stocks in …

May 2020 – Spread the Word: What’s New with Valuation Ratios Read More »