Could you distill your investment philosophy into 10 words or less? In his latest post for The Wall Street Journal’s Total Return blog, Jason Zweig poses that question to some of the world’s most successful investors. Zweig says that when someone recently asked him the question, he “laughed and said, ‘Of course not!’ But right afterward, [...]
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Tag Archives: Jason Zweig
Are Some Markets Less Efficient?
January 11, 2012
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While fund managers often say they add value for investors in smaller, lesser known markets because those markets are inefficient, The Wall Street Journal’s Jason Zweig says the data shows otherwise. “If it were true that money managers can more easily beat inefficient than efficient markets, then the differences would be easy to see,” Zweig [...]
Read moreMore Evidence that Correlations Haven’t Really Changed
November 14, 2011
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Recently we highlighted an article from Mark Hulbert that detailed why talk of a new era of higher correlations among stocks is misguided. Now, The Wall Street Journal’s Jason Zweig offers more data showing that, when it comes to the correlation of the U.S. market with other markets, perception and reality are very different. Zweig [...]
Read moreZweig on the “Optimism Bias”
October 28, 2011
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On the Wall Street Journal’s “Total Return” blog, Jason Zweig highlights research that indicates human beings have an “optimism bias” — that is, we learn more from our successes than we do from our failures. And that, he says, has major implications for investors. Zweig says a new study, performed by a team of neuroscientists in [...]
Read moreThe Not-So-New Macro Investing World
September 12, 2011
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For investors, much of the decade since the September 11 attacks seems to have been dominated by an unprecedented slew of troubling macroeconomic issues: terrorism fears, a financial crisis, natural disasters like Hurricane Katrina and the earthquake and tsunami that rocked Japan, to name a few. But such macro events are nothing new, The Wall [...]
Read moreZweig: Market Is Cheaper — But Not Cheap
August 10, 2011
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The recent downturn in the stock market has made stocks significantly cheaper than they were before — but they’re not yet “cheap”, according to The Wall Street Journal’s Jason Zweig. “Consider the [valuation] measure preferred by the great investment analyst Benjamin Graham and refined by Yale University economist Robert Shiller, called the ‘cyclically adjusted’ P/E [...]
Read moreDon’t Forget The Dividends — And Inflation
July 11, 2011
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Investors may spend a lot of time fretting over whether their portfolios are going up or down. But, despite all of the advances in stock market data availability, many may not be getting an accurate picture of what their portfolios are really doing, says The Wall Street Journal’s Jason Zweig. According to Zweig, after last [...]
Read moreDividends and “Corporate Scrooges”: WWBGD (What Would Ben Graham Do)?
June 1, 2011
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While U.S. companies have been raking in big profits since the end of the Great Recession, much of those profits are staying locked up on corporate balance sheets. And, in a recent column, The Wall Street Journal’s Jason Zweig takes a look at why that’s happening, and what he thinks the great Benjamin Graham would [...]
Read moreBattling Your Brain: How Loss Aversion Hurts Investors
May 16, 2011
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Human beings are prone to a variety of behaviors that make them bad investors, and in an article for The Economic Times, Vivek Kaul looks at a major one: “loss aversion”. First identified and named by psychologists Daniel Kahneman and Amos Tversky, loss aversion is a phenomenon in which “people tend to base their decisions [...]
Read moreWhy Corporate Cash Isn’t Helping Investors
February 28, 2011
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Investors have been hearing for some time now about the hordes of cash being stashed on U.S. corporate balance sheets. In a recent column, The Wall Street Journal’s Jason Zweig explains a big part of why the cash stockpiles are so high — and why that cash might not be benefiting investors anytime soon. “U.S. [...]
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