The Professor’s Forecast for the Indefinite Future…
January 3, 2007 - Cartoons, Equity Premium
The more we study it, the smaller it gets? Or, the act of studying risk diminishes the fear of it?
January 3, 2007 - Cartoons, Equity Premium
The more we study it, the smaller it gets? Or, the act of studying risk diminishes the fear of it?
December 28, 2006 - Investing Expertise, Real Estate
…it is doubtful that commercial real estate experts can accurately forecast returns from investments in commercial properties by type or location.
December 19, 2006 - Investing Expertise
…lead underwriter sell recommendations may be the only analyst calls worth tracking.
December 13, 2006 - Size Effect
…small capitalization stocks with low past profitability may be key to exploiting the size effect.
December 12, 2006 - Animal Spirits
…investors appear to overreact systematically in projecting a firm’s earnings results to the near-term earnings announcements of peer companies.
December 11, 2006 - Technical Trading
…”much of the wisdom comprising the popular version of TA does not qualify as legitimate knowledge,” and “TA must evolve into a rigorous observational science if it is to deliver on its claims and remain relevant.”
December 6, 2006 - Mutual/Hedge Funds
…mutual fund investors venturing into the international arena may want to apply these findings to screen funds according to size, age, fees, management and country.
December 5, 2006 - Mutual/Hedge Funds
…high mutual fund fees may signal poor investment returns, both before and after fees. Investors who focus on low-fee funds may enjoy a double payoff.
December 1, 2006 - Cartoons, Short Selling
Here are three relevant questions…
November 30, 2006 - Buybacks-Secondaries
…secondary stock offerings are bad news for companies in financial management mode and neutral news for companies in growth mode. Firm accounting data indicate a company’s mode.