More than three decades after his death, Ben Graham is still beating the market. At least, Graham’s strategy is still handily beating the market, according to Validea.com’s guru-inspired portfolios, the original 10 of which recently hit the 7-year mark in terms of performance tracking. And the results show that Graham, known as “The Father of [...]
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Archive | July, 2010
The “Last Optimist Standing”
July 15, 2010
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In a recent presentation given during the Wharton School’s Global Alumni Forum, professor and author Jeremy Siegel said that generous unemployment benefits may be inflating the U.S.’s unemployment rate, and that factors like innovation and productivity will spur the country’s growth. According to Wharton’s web site, Siegel said that Congress “has voted the most generous [...]
Read moreBerkowitz Loaded Up on Financials
July 14, 2010
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After disclosing that his Fairholme fund opened or increased its stakes in two much-maligned insurers — AIG and MBIA — Bruce Berkowitz now has well over half of his portfolio in financial or insurance companies. According to Alex Garcia of GuruFocus.com, Berkowitz, who was recently named one of Morningstar’s fund managers of the decade, now [...]
Read moreNygren: How Stocks Could Double in Five Years
July 14, 2010
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Bill Nygren, whose Oakmark and Oakmark Select funds are both in the top 2% of their category over the past decade, thinks stocks could double in the next five years — even if the economy shows zero real growth. “I don’t for a minute concede that we are condemned to that [economic] future,” Nygren writes [...]
Read moreGuru Strategy Ratings: Graham, Lynch Models Make Changes
July 13, 2010
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Each week, we take a look at which stocks John Reese’s Validea.com Guru Strategy computer models have newfound interest in, and which they have soured on. Here’s a look at some of the stocks John’s strategies, including those based on the approaches of Benjamin Graham and Peter Lynch, have upgraded or downgraded today.
Read moreDoll: Economy Fragile, but Double Dip Unlikely
July 13, 2010
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In his latest market commentary (provided on Advisor Perspectives’ web site), Blackrock’s Bob Doll says the economy has hit a “soft patch”, but that he thinks the odds of a double-dip recession remain low. And, he points to some bright signs in the employment arena. “Over the past several months, there have been disappointments in [...]
Read moreHussman: Don’t Believe That Stocks Are Cheap
July 13, 2010
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While Liz Ann Sonders says stocks are undervalued using her computation of “normalized” earnings, fund manager John Hussman has a far different view. In his latest market commentary, Hussman says the S&P 500 is trading for about 40% above historical norms based on his own normalized earnings calculation. One apparent difference between Sonders’ and Hussman’s [...]
Read moreBuffett Doesn’t See Double Dip
July 13, 2010
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In an interview with The Huffington Post, Warren Buffett says the economy is “coming back”, and that we are not in the early stages of a depression, as some have suggested. Buffett says it takes time to recover from a crisis like the one we saw in 2008. “But we’re coming back,” he says. “There’s [...]
Read moreSonders Says Stocks on Cheap Side
July 13, 2010
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With stock valuations on the cheap side and hordes of retail investors still sitting on the sidelines, Charles Schwab Chief Investment Strategist Liz Ann Sonders says it’s more likely that we’ll see a “melt-up” in the market than a “melt-down”. Sonders tells Yahoo! TechTicker that she thinks earnings estimates are still “marginally low” for the [...]
Read moreTop Newsletter Looking to Unloved Areas
July 12, 2010
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The best-performing stock newsletter over the past year is finding value in some areas of the market that have been hit by fear during the recent downturn. The Linde Equity Report — up more than 64% in the past 12 months, more than quadrupling the broader market’s gains — has nine current “buy” recommendations, reports [...]
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