Objective research to aid investing decisions

Value Investing Strategy (Strategy Overview)

Allocations for November 2021 (Final)
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Allocations for November 2021 (Final)
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Investing Research Articles

3074 Research Articles

Unbalanced Attention?

…company-specific news tends to decouple stock price behavior from the market, while the absence of news promotes co-movement.

Investing Like an Optimist

…stock pickers tend to be optimists who should focus on objectivity in assessing the outcomes of their stock picking.

Outing the (Negative) Alpha

…the active management component of broadly diversified (closet index) mutual funds is generally expensive and ineffective. In comparison, hedge funds with 100% active management are not that pricey.

Use the “Cone of Silence” When Buying Stocks?

…individual investors tend to limit buying consideration, detrimentally, to those stocks that grab their attention via unusual trading or other news.

Bad News is Good News, Except When…

…good (bad) macroeconomic news is bad (good) for broad stock indices during expansions and good (bad) during recessions.

Market Orders Versus Limit Orders: Informed Traders Prefer…

…informed traders prefer price certainty over execution certainty unless the value of their private information is about to expire.

Pricing Corporate News

…the stock market shows significant predictability (rather than perfect efficiency) in its reactions to news.

The Adaptive Markets Hypothesis

…principles of evolutionary biology such as competition, mutation, reproduction, and natural selection drives the evolution of financial markets.

4% Solution: Equity Risk Premium Update

…expect single-digit long-term returns from stocks.

Predicting the Past with Investor Sentiment

…investor sentiment tends to “predict” the past.