3 Sectors Where Billionaires Bought Ahead of Earnings Season
Where billionaire hedge fund managers like Carl Icahn, Bill Ackman and Warren Buffett placed their chips ahead of first-quarter earnings.
Under the Hood: Stock Market Valuation, Pt. 2—Shiller and Tobin
Concluding our discussion of stock market valuation tools, we look at Robert Shiller’s CAPE and James Tobin’s Q Ratio.
Under the Hood: Stock Market Valuation, Pt. 1: Buffett’s Choice
To begin our look at the most popular stock market valuation tools, we consider Warren Buffett’s favorite.
Algorithms Will Make JPMorgan Less Bad
JPMorgan is using algorithms "to identify rogue employees" to minimize costs and maximize ROE (and bonuses). That happens to coincide with regulatory goals.
The Real Point of Active Investing
The goal of active investing has nothing to do with outperforming the market, Marshall Jaffe writes.
“The fault, dear Brutus, is not in our stars, but in ourselves.”
Bill Gross Blasts ‘Hostile’ Investing Climate, Says ‘New Neutral’ Rate Now Zero
The Janus manager argues that the investing environment is so inhospitable that he is reduced to trading more than owning bonds to deliver shareholder return.
Personalized Portfolios Are Under Attack
Robo-advisors and target-date funds are lulling investors into a "fairyland view of investing," and only human advisors can save them, Ron DeLegge says.
The Buffett Approach to Taxes
Tocqueville Asset Management’s Sicart warns that hiding from the taxman is futile — but postponing taxes, as Berkshire Hathaway does, is profitable.
Berkshire’s Munger Addresses Life After Buffett
Berkshire Hathaway Vice Chairman Charlie Munger uses the firm's shareholder letter to address "the elephant in the room."