In his latest article for Forbes.com, Validea CEO John Reese says the high levels of fear in the market are creating a variety of opportunities around the globe for disciplined value investors. “A double-dip recession, tax hikes, a U.S. budget crisis, a European debt contagion — these are just a few of the fears now [...]
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Tag Archives: Benjamin Graham
Top Manager Looks for Graham-Like Stocks
September 20, 2010
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John D. Spears’ Tweedy Browne Global Value fund is in the top 1% of funds in its class based on 15-year returns, according to Morningstar, and Barron’s recently offered a look into just how Spears manages this top-performing fund. According to Barron’s, Spears and his partners at Tweedy Browne “try to find what [Benjamin] Graham [...]
Read moreDreman on Why Not to Rely on CAPM & Beta
September 10, 2010
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In his latest Forbes column, contrarian guru David Dreman says the capital asset pricing model — long a staple of the investing world — should be done away with. The CAPM, Dreman writes, basically says that the only way to outperform in the stock market is to take on more risk, which is usually measured [...]
Read moreGuru Strategy 7-Year Report Card: Ben Graham Still on Top
July 16, 2010
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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 [...]
Read moreThe Graham Strategy: Still a Winner after 60+ Years
April 2, 2010
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Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Benjamin Graham-inspired strategy, which has averaged returns of more than 16% per year since its inception more than six years ago. Below is an excerpt from today’s newsletter, along with [...]
Read moreWhat an Inefficient Market Means for Investors
January 11, 2010
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In his latest Wall Street Journal column, Jason Zweig offers an interesting take on the efficient market hypothesis, channeling the late, great Benjamin Graham for guidance. Zweig says that while the stock market may give the most accurate estimate of a stock’s value based on the available information, that doesn’t mean its estimates are right. [...]
Read moreEveillard Keen on Gold and Asia
September 14, 2009
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First Eagle Funds’ Jean-Marie Eveillard, who in early 2007 correctly said that the credit boom was ending and banks were acting as “disguised hedge funds”, tells Forbes.com that he’s bullish on gold and sees a variety of opportunities in Asian stocks right now. Eveillard, a value investor, says that given current interest rates he thinks [...]
Read moreThe Graham Approach: Still Making Hay after 60 Years
June 26, 2009
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Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This week’s issue looks at the Benjamin Graham-inspired Value Investor strategy, which is up more than 26% this year and has averaged annual returns of more than 16% since its July 2003 inception (vs. an average [...]
Read moreZweig: WWGD? (What Would Graham Do?)
May 26, 2009
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Writing sixty years to the day after Benjamin Graham’s classic The Intelligent Investor was published, Jason Zweig says that Graham would be cautious amid a market like this one. “Today the market seems to be in just the kind of mood that would have worried Mr. Graham: a jittery optimism, an insecure and almost desperate [...]
Read moreIs This Crisis Really a “White Swan”?
May 20, 2009
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In a recent article for the CFA Institute Conference Proceedings Quarterly, James Montier, Societe Generale Cross Asset Research’s global strategist, argues that the recent economic crisis and market plunge were not, as many have said, an unprecedented, unpredictable “black swan” event. Instead, he says the events have the characteristics of what psychologists call a “predictable [...]
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