Is buy-and-hold dead? Lloyd Khaner, whose hedge fund has a successful two-decade track record, tells Forbes.com that he doesn’t think so — though he says successful implementation of a buy-and-hold approach isn’t as simple as many assume. “Buy and hold for the smaller, individual investor is not gone,” says Khaner, whose Khaner Capital fund (which [...]
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Archive | April, 2009
Ritholtz: Three Things to Remember in this Rally
April 13, 2009
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Barry Ritholtz of The Big Picture blog writes that investors need to remember three things as they consider whether the current stock surge is a bear market rally, or the start of something bigger: Follow the Playbook: Ritholtz writes that “the smart investor’s playbook is very different in bear markets than bull markets”. In bulls, [...]
Read moreAll Indicators Now Bullish for Top Timing Newsletter
April 9, 2009
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Two weeks ago, we highlighted how The Cabot Market Letter — one of the best-performing newsletters of the past decade — was turning bullish on stocks. Now, in the newsletter’s most recent edition, editor Michael Cintolo writes that “every one of our market timing indicators has now turned positive. … In short, the stage is [...]
Read moreKass Turns Bullish on Berkshire
April 9, 2009
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On the same day that Moody’s announced its credit rating downgrade of Berkshire Hathaway, Doug Kass — who’s made some hay by being short on Berkshire shares for the past year — writes on TheStreet.com that he’s now bullish on Warren Buffett’s firm. “When conditions change, as they appear to be doing now … opinions [...]
Read moreSiegel: Earnings “Nowhere Near as Dismal” as S&P Data Suggests
April 8, 2009
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In his most recent posting on Yahoo! Finance, Jeremy Siegel reiterates his belief that Standard & Poor’s flawed earnings calculations for the S&P 500 are making the corporate earnings picture look much worse than it really is — and he says he thinks the market did indeed bottom on March 9. According to Siegel, author [...]
Read morePortfolio Size: How Big Is Big Enough?
April 8, 2009
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How many stocks should you own? Rob Wherry of SmartMoney.com takes an interesting look at that question today on The Wall Street Journal’s web site. Wherry examines “focused funds” (those that own fewer than 50 stocks), narrowing the list down to 18 that meet performance, fee, sales load, and manager experience requirements. Among the funds [...]
Read moreA “Superinvestor” and Other Depression Survivors Weigh In
April 7, 2009
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Very interesting piece from SmartMoney’s Reshma Kapadia in the magazine’s new May issue. (It doesn’t appear to be available online yet; when it is, we’ll add the link). With all the recent talk about whether the U.S. is headed into — or is already in — a depression, Kapadia interviewed three money managers who actually [...]
Read moreHow Your Brain Can Drag You Down — and How You Can Overcome It
April 7, 2009
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Nature vs. nurture — it’s an eternal debate, and, as Jason Zweig shows in his most recent Wall Street Journal column, scientific research shows it’s a question that can have a great deal of impact on your investment style and decisions. Zweig writes that he recently volunteered as a guinea pig in Dr. Ahmad Hariri’s [...]
Read moreMortimer on “The Most Dangerous Words in Investing”
April 6, 2009
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Charles Schwab Investment Management’s Chief Investment Officer Jeff Mortimer offered some interesting thoughts on the current market and keys to a good investment strategy in a Q&A with Washington Post readers today. One key thought from Mortimer, when asked whether his advice takes into account potential unprecedented events or situations: “The most dangerous words in [...]
Read moreTop Fund Manager Eyes Small-Caps
April 6, 2009
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John E. Deysher, whose Pinnacle Value Fund has outperformed 99% of its peers year-to-date and over the past year, three years, and five years, tells Barron’s that he’s been putting more cash to work, and says to look for a big bounce from small-cap stocks as the economy recovers. “Current stock prices reflect pretty dire [...]
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